Financial Wire

Flight Centre Travel Group Completes AU$200 Million Buyback Program

-- Flight Centre Travel Group (ASX:FLT) completed its AU$200 million on-market share buyback, repurchasing and cancelling more than 16 million shares, representing around 7% of its issued capital before the program, according to a Thursday filing with the Australian bourse.

The company will also retire its 2028 convertible notes in May, eliminating about AU$100 million in outstanding debt that was originally raised during the COVID-19 pandemic, the filing added.

The company's shares rose around 2% in recent Thursday trade.

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