IAG roadshows for new €500m bond to fund CB tender

By Aidan Gregory
24 Jun 2019

International Consolidated Airlines Group (IAG) is running a tender offer for its outstanding €500m 0.25% convertible bonds due in November 2020 and is considering replacing the CBs with new euro-denominated senior unsecured bonds.

JP Morgan and BNP Paribas are arranging the reverse bookbuild. IAG, which is the parent of British Airways and Iberia, is rated Baa3, with a stable outlook, by Moody’s.

Investors will receive 100.2 in cash for each bond, plus accrued interest from May 17, the last interest rate ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.