Pegasus Hava Tasimaciligi A.S., founded in 1990 and based in Istanbul, Turkey, is a leading airline focused on providing affordable travel solutions within Turkey and across Europe. The company is recognized for its commitment to low-cost air travel, catering to a wide range of customers, including leisure and business travelers.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PGSUST 8.00% 2031-09-11 USDPegasus Hava Tasimaciligi A.S. | Turkey | 2031-09-11 | 8.000 | 7.37 |
| PGSUST 8.00% 2031-09-11 USDPegasus Hava Tasimaciligi A.S. | Turkey | 2031-09-11 | 8.000 | 7.43 |
| PGSUST 9.25% 2026-04-30 USDPegasus Hava Tasimaciligi A.S. | Turkey | 2026-04-30 | 9.250 | 8.81 |
| PGSUST 9.25% 2026-04-30 USDPegasus Hava Tasimaciligi A.S. | Turkey | 2026-04-30 | 9.250 | 8.81 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its initial bond issuance in 2006, Pegasus has actively utilized the bond market to support its growth and expansion strategies. A notable issuance occurred in 2015, when the company raised $400 million in a five-year bond offering, which was well-received due to its competitive yields compared to the aviation industry average. As of 2023, the company's bonds yield between 5-7%, reflecting its strong position in a fluctuating market, and it recently announced plans for a new issuance to fund fleet expansion, aiming to enhance operational efficiency and strengthen its competitive edge.