Lufthansa launches exchangeable, DBV prices IPO
Deutsche Lufthansa was on Thursday selling a €240m-€250m bond exchangeable into its 15.7% stake in US carrier Jet Blue. The five year bond was launched with a coupon range of 0.75%-1.5% and a conversion premium range of 32.5%-37.5%. Goldman Sachs, Morgan Stanley and UBS were handling the sale.
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