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Flight Centre Travel Group Limited ( (AU:FLT) ) has issued an announcement.
Flight Centre Travel Group Limited has successfully settled the issue of A$450 million in senior unsecured convertible notes due in 2032, while concurrently repurchasing and cancelling portions of its existing notes due in 2027 and 2028. This strategic financial maneuver is expected to enhance the company’s capital structure and potentially improve its market positioning by reducing outstanding debt obligations.
The most recent analyst rating on (AU:FLT) stock is a Buy with a A$15.50 price target. To see the full list of analyst forecasts on Flight Centre Travel Group Limited stock, see the AU:FLT Stock Forecast page.
More about Flight Centre Travel Group Limited
Flight Centre Travel Group Limited operates in the travel industry, providing travel services and solutions. The company is known for its comprehensive travel offerings, catering to both leisure and corporate clients, and has a significant presence in the global travel market.
Average Trading Volume: 1,321,537
Technical Sentiment Signal: Sell
Current Market Cap: A$2.84B
For detailed information about FLT stock, go to TipRanks’ Stock Analysis page.