IAG: Total conversion of BA Convertible Bonds

RNS Number : 7322O

International Cons Airlines Group

24 September 2013

 



24 September 2013

Total conversion of British Airways Plc £350,000,000 5.80 per cent. convertible bonds due 2014

International Consolidated Airlines Group, S.A. announces that its subsidiary, British Airways Plc, has received bondholder conversion notices in respect of all its previously outstanding £350,000,000 5.80 per cent. convertible bonds due 2014 (the "Bonds") in accordance with the terms and conditions of the Bonds. As such, no Bonds will be redeemed by British Airways Plc pursuant to the Optional Redemption Notice dated 16 August 2013 (in which British Airways Plc announced its intention to redeem any outstanding Bonds on 30 September 2013).

For further information, please see the corresponding announcement made by British Airways Plc today.

IAG Investor Relations
www.iagshares.com 

 

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