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By Aidan Gregory 22 Jan 2021 Austrian catering services company Do & Co has issued a €100m convertible bond to shore up its balance sheet and fund investment opportunities once an economic recovery from the pandemic materialises. Do & Co has never issued an equity-linked bond before, despite being listed since 1998, according to Dealogic data. The company is also unrated. The five-year bonds were marketed with an initial conversion premium range of 30% to 35%, and a coupon range of 1.5% to 2%. ... Already a subscriber? Login

17.01.2021 Valneva: Valneva, an Austrian/French specialty vaccine company focused on prevention against diseases with major unmet needs, today announced an amendment to the terms of its existing debt facility with US-based healthcare investment firms Deerfield Management Company and OrbiMed. Noting the COVID-19 pandemic impact on the travel industry, and following a temporary waiver of the revenue covenant for the second half of 2020, Valneva, Deerfield and OrbiMed have agreed to modify this covenant for 2021 and 2022, replacing the twelve month rolling Euro 115 mn with quarterly minimum rev...

Tom Kerridge Upgrades Culinary Options on British Airways’ Short Haul Flights (11 Jan 2021) British Michelin-starred chef, Tom Kerridge has designed a number of gourmet food items - which include signature pies and sandwiches - to pre-purchase for British Airways’ Euro Traveller (short haul economy) customers. The decision to upgrade the culinary options on its short haul flights coincides with completion of WiFi across BA’s short haul Airbus fleet, and the ability to pre-order duty free items directly to customers’ seats th...

British Airways has today announced that it will be partnering with celebrated, British Michelin-starred chef, Tom Kerridge, who has designed a number of gourmet food items, which include signature pies and sandwiches, to pre-purchase for the airline’s Euro Traveller (short haul economy) customers. The move marks a renewed focus on the short haul customer experience, which also includes the completion of a full WiFi rollout across its Airbus short haul fleet and the ability to pre-order duty free items directly to customers’ seats through its inflight retail site, The airline will also c...

British Airways has partnered with Michelin-starred chef Tom Kerridge for its inflight menu. Called Speedbird Café, the new menu focuses on British provenance with items such as a Ploughman’s sandwich and warm pies. The line-up features: Warm Steak & Ale Pie (£4.50); Ham Hock & Smoked Cheddar Sandwich (£4.10); vegan Spiced Cauliflower Tortilla Wrap (£4.20); Chicken, Bacon & Celery Brioche; Chicken & Bacon Baguette (£4.50); and a vegetarian Brie Ploughman’s Sandwich (£4.20). Available to those in Euro Traveller, all gourmet food items must be pre-purchased up to 12 hours before depar...