IAG announces conversion of securities

Dino D'Amore
By Dino D'Amore June 22, 2016 10:47

IAG announces conversion of securities

International Consolidated Airlines Group has announced the total conversion and cancellation of listing and admission to trading of €390million 1.75% convertible bonds due 2018.

IAG has received bondholder conversion notices in respect of all previously outstanding Bonds. As such, no Bonds will be redeemed pursuant to the Optional Redemption Notice dated 6 May 2016 (in which the Company announced its intention to redeem any outstanding Bonds on 21 June 2016).

Notice is hereby given of the Company’s intention, having received bondholder conversion notices in respect of all previously outstanding Bonds, to cancel the listing of the Bonds on the Official List maintained by the UK Listing Authority and the admission to trading of the Bonds on the Professional Securities Market of the London Stock Exchange on 18 July 2016.

Dino D'Amore
By Dino D'Amore June 22, 2016 10:47