TUI €250 million five-year floater via RBS a "near future" deal

By Paul A. Harris

St. Louis, June 15 - TUI AG intends to offer €250 million of five-year floating-rate notes "in the near future," according to a news release issued Tuesday by the Hanover, Germany-based company.

The Royal Bank of Scotland and WestLB will be the underwriters of the Regulation S-only offering, according to a market source.

Proceeds will be used to refinance short- and medium-term debt.

TUI is a fully integrated tourism group with operations in shipping and logistics.

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