Issue of two tranches of senior unsecured bonds

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[{"type":"text","content":"\n \nRNS Number : 8600D International Cons Airlines Group 28 June 2019  \n\nInternational Consolidated Airlines Group, S.A. (\"IAG\" or the \"Issuer\"), pursuant to article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council on Market Abuse and article 226 of the Restated Text of the Spanish Securities Market Act approved by Royal Legislative Decree 4/2015, of 23 October and related provisions, hereby communicates the following privileged information:\nRELEVANT EVENT\nBOND LAUNCH\nIAG announces today the issue of two tranches of senior unsecured bonds (the \"Offering\").\n·        The first tranche has a proposed initial principal amount of approximately EUR 500 million due 4 July 2023 (the \"Series A Bonds\"). \n·        The second tranche has a proposed initial principal amount of approximately EUR 500 million due 4 July 2027 (the \"Series B Bonds\" and, together with the Series A Bonds, the \"Bonds\").\nIn any event, the aggregate principal amount of the Bonds shall not exceed EUR 1 billion.\nThe final terms of the Bonds are expected to be determined and announced shortly and settlement is expected to take place on or about 4 July 2019.\nThe Bonds shall bear a fixed rate of interest of which shall be determined as part of the bookbuilding process.The Bonds will be issued at 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 the respective maturity dates of the Bonds. \nIAG will have the option to redeem all of the Bonds according to their terms and conditions.\nAs anticipated in 24 June 2019 and in 27 June 2019, the net proceeds from the Offering will be used by IAG for general corporate purposes, including (without limitation) to fund the repurchase of any or all of the Issuer's outstanding EUR 500,000,000 0.25 per cent. Convertible Bonds due 2020.\nAn application will be made for the Bonds to be admitted to trading on the regulated market of the Irish Stock Exchange trading as Euronext Dublin.\nBNP Paribas and J.P. Morgan Securities plc act as Joint Global Co-ordinators and, together with Merrill Lynch International, as Joint Lead Bookrunners. Banco Santander, S.A. and Credit Agricole ...

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