IAG issues €825m convertible despite tough day for airline stocks

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IAG issues €825m convertible despite tough day for airline stocks

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D1KEER british airways plane ready for boarding being loaded with luggage and meals Heathrow Airport Terminal 5 London UK GB EU Europe | Alamy Stock Photo

IAG, the parent of British Airways and Iberia, has become the latest airline company to tap the convertible bond market for financing during the pandemic, as it continues to burn vast amounts of cash amid a slow recovery in global travel.

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