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This announcement is not for release in the United States of America, Canada, Australia, South Africa or Japan or any other jurisdiction in which such distribution would be prohibited by applicable law
CONVERTIBLE BOND COMPLETION
Following the launch of its senior unsecured convertible bond offer earlier today, International Airlines Group (IAG) has approved the following terms and conditions for the bonds:
The issue size is €390 million, maturing on May 31, 2018
The net proceeds of the offer will be used by IAG to fund its acquisition of Vueling, enhance liquidity and lower its cost of capital.
Banco Santander, Barclays, Deutsche Bank AG, London Branch, Morgan Stanley and UBS Investment Bank are joint book runners and joint lead managers
This announcement does not constitute or form part of an offer to sell or the solicitation of an offer to subscribe for or otherwise acquire any securities. The bonds and the ordinary shares have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States.
This announcement is directed only at persons who (i) are outside the United Kingdom, (ii) in the United Kingdom ("UK") who are (a) persons who have professional experience in matters relating to investments who fall within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (b) high net worth entities and other persons to whom it may otherwise lawfully be communicated falling within Article 49(1) of the Order, or (c) persons to whom it may otherwise lawfully be communicated or (iii) in any other jurisdiction, where action for that purpose may be required. This announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.
Banco Santander, Barclays, Deutsche Bank AG, London Branch, Morgan Stanley and UBS Investment Bank are acting for IAG and no one else in connection with the offer of the bonds and will not be responsible to any other person for providing the protections afforded to their client, or for providing advice in relation to the proposed offer of the bonds.