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Aircraft and finance. IAG launches convertible bond to fund the acquisition of Vueling

London, United Kingdom - Maturity scheduled in 2018

International Airlines Group (IAG) is launching a senior unsecured convertible bond offer of up to an approximate maximum amount of 400 million Euros to fund its acquisition of Vueling: The bonds, which are due to mature in 2018, can be converted into ordinary shares of IAG. It is expected that the bonds' conversion price will be set at a premium of between 30/35%, with a fixed rate of interest...

AVIONEWS - World Aeronautical Press Agency - 1152116

AVIONEWS - World Aeronautical Press Agency