Editorial

16 Nov 2015 IAG Convertible Bonds due 2020, due 2022

IAG Issuance of Convertible Bonds due 2020, due 2022 - International Airlines Group (via Internationa Consolidated Airlines Group SA) last week issued one of the largest convertible bonds seen in the European market in 2015. The EUR1bn bond met with strong investor demand and eventually priced at 0.25 per cent for the 5-year maturity and 0.625 per cent for the 7-year. The bonds will convert to equity if the share prices rises 62.5 per cent from the price at closing. Slaughter and May advised the Issuer.

Financial Centre : London
Law Firm : Slaughter and May
Lawyer : Matthew Tobin

Practice Area : Debt Capital Markets
Classification : Equity-Linked Securities
Sub-classification : Convertible Bonds
Industry : Travel & Leisure

Advised Party : Issuer
Value USD Equiv: 1000.01-5000.00

Issuer Jurisdiction: : United Kingdom/Spain
Listing Jurisdiction: : United Kingdom