Business
Issue of senior unsecured bonds
International Consolidated Airlines Group, S.A. (IAG) has announced the launch of two series of senior unsecured bonds, aiming to raise approximately EUR 500,000,000 for each series, with maturities on January 28, 2031, and May 28, 2034. The net proceeds from these bond issuances will be utilized for IAG's general corporate purposes. The bonds are intended for eligible counterparties and professional clients only, not retail investors in the EEA or UK. Applications will be made to Euronext Dublin for the bonds to be admitted to the Official List and trading on the Regulated Market. Disclaimer*
About this update from International Consolidated Airlines Group Sa
[{"type":"text","content":"\n\nINTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.\nBOND LAUNCH\nINTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. (\"IAG\" and, also, the \"Issuer\") announces today the issue of two separate series (each a \"Series\") of senior unsecured bonds (the \"Bonds\") for a proposed initial principal amount of (i) approximately EUR 500,000,000 due 28 January, 2031 (the \"Series A Bonds\") and (ii) approximately EUR 500,000,000 due 28 May, 2034 (the \"Series B Bonds\"), respectively.\nThe final terms of the Bonds are expected to be determined and announced shortly and settlement is expected to take place on or about 28 May 2026.\nThe target market for the Bonds is eligible counterparties and professional clients only.\nThe Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (\"EEA\"). No EU PRIIPs Regulation key information document has been prepared as the Bonds are not available to retail investors in the EEA. The Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the UK. No disclosure document required by the FCA Product Disclosure Sourcebook has been prepared as the Bonds are not available to retail investors in the UK.\nThe Bonds shall bear a fixed rate of interest of which shall be determined as part of the bookbuilding process. The intention of IAG is that the Bonds will be issued at or about 100 per cent of their principal amount and, unless previously redeemed, purchased or cancelled, will be redeemed at 100 per cent. of their principal amount on their maturity date. The final issuance price shall be determined during the bookbuilding process.\nIAG will have the option to redeem all of the Bonds according to their terms and conditions.\nThe net proceeds of the Bonds will be used by IAG for its general corporate purposes.\nApplications will be made to Euronext Dublin for the Bonds to be admitted to the Official List and to trading on the Regulated Market. The Regulated Market of Euronext Dublin is a regulated market for the purposes of MiFID II.\nJ.P. Morgan SE, Morgan Stanley Europe SE, MUFG Securities (Europe) N.V. and SMBC Bank EU AG act as Joint Global Co-ordinators and as Joint Lead Bo...
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