International Airlines Group (IAG) has issued €390 million convertible bonds, maturing on May 31, 2018 to fund it acquisition of Vueling. The bonds will accrue a fixed rate of interest of 1.75 % per annum, payable semi-annually in arrears. Equal installments of interest will be payable on November 30 and May 31 each year, starting on November 30, 2013 The conversion price has been set at €4.2503 per ordinary share, which represents a premium of approximately 35% over the volume weighted average price of ordinary IAG shares on the London Stock Exchange from launch to pricing. The net proceeds of

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