Travellink issues a 5-year bond for 325 million euros

The transaction will allow the
largest group of online
travel agencies in Europe to complete
their internationalization and
finance new business areas

Barcelona, 24 January 2013 – Travellink, the leading online travel agency in the Nordic market (www.travellink.se, www.travellink.dk. www.travellink.no, www.travellink.fi, www.travellienk.is and www.opodo.pl) part of the ODIGEO group. The
group has issued a bond in its main markets (through its affiliate Geo Debt
Finance, the financial subsidiary of the company’s group, ODIGEO) amounting to
325 million euros. Demand has reached approximately 1.3 billion euros,
representing an oversubscription of 4 times the original requested amount. The
offering has received orders from more than 100 investors, covering the bond
issue within a few hours.

The CEO of the group, Javier Pérez-Tenessa,
states that “this is the largest bond issue in the history of the
e-commerce sector in Europe and the high investor interest demonstrates the
enormous success and strength of group, in a
time when other players in the travel industry are having a lot of
problems.”

Among the factors that have
created the most interest among investors, the sheer size of the group is
emphasized, as it is the largest online travel agency in Europe, four times
larger than its closest competitor. The diversification and
internationalization of the group is also to be noted, which has led the OTA to
be present in 38 countries with offers from over 500 airlines worldwide.
Another reason for the positive response from investors is the continued growth
of the online travel sector, whose market share currently reaches 40% in
Europe.

The operation
will allow the group greater flexibility to enter into new markets and to
invest in new business areas such as mobile platforms and business travel.

The group that Travellink forms part of is the largest
in the online travel agency sector in Europe. Travellink offers its services in
Denmark, Finland, Iceland, Norway, Sweden and Poland. Travellink has recorded
one of the highest growth rates in the Nordic market for online travel. The
company offers a wide range of services including Leisure travel, Corporate
travel and Conference and Events with products such as flights, hotels, dynamic
packaging, and other products, which are available for its clients through
booking engines that integrate the latest technologies and price searches.

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