WHY DID Tui Ag Crash? (EXPLAINED)
Yet again Tui Price plummeted Roughly 7 % Since Market open, Caused by fear From institutional investors upon release of the current plans of Tui,
The public announcement of Tui Raised some fear in the market after Yet again trying to raise € 350 million in convertible bonds offering,
with the option to increase the issuance volume to € 400 million
TUI intends to use the proceeds from the Offering to further improve its liquidity position as the Covid-19 crisis continues and subsequently for the repayment of existing financing instruments.
The public announcement of Tui Raised some fear in the market after Yet again trying to raise € 350 million in convertible bonds offering,
with the option to increase the issuance volume to € 400 million
TUI intends to use the proceeds from the Offering to further improve its liquidity position as the Covid-19 crisis continues and subsequently for the repayment of existing financing instruments.
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