(Reuters) – Germany’s Lufthansa said on Tuesday it raised 1.5 billion euros ($1.73 billion) in a corporate bond sale, its third bond sale this year, in order to boost the company’s liquidity and refinance debt.

In February and July of this year, bonds were issued by the bond company to raise a total amount of 2.6 billion euros.

Remco Steenbergen (finance chief) stated in a statement that “the long-term resources, which were once again raised at attractive conditions, will be utilized to further strengthen Lufthansa Group’s liquidity and refinance existing loans.”

According to the company, it has issued bonds for two-year-olds and five-and a half years. The placement of this bond is just one of several capital market transactions which have been successful and will allow the repayment of all German government stability measures.

The tranche with a term until November 2023 bears interest of 1.625% per year and the tranche with a term until May 2027 has an interest rate of 2.875%, according to the statement.