IAG (Iberia) at the fact that The offer of bond holds for a total of 371 million euros Within the framework of the acquisition offer launched by the company on bonds issued with expiration at 2027 and 2029 for a total value of 1,200 million euros.
Operation details
As communicated by IAG to the National Securities Market Commission (CNMV), the final results and prices of the operation have been revealed. The agreed purchase price is 98.48% for expiration bonds in 2027, which represent a nominal amount of 89.9 million euros, and 103.73% for expiration bonds in 2029, with a nominal amount of 281.2 million euros.
Accrued interest
In addition to the purchase price, the company will also make a accrued interest payment in relation to the accepted bonds for acquisition according to the corresponding offer.
Bonds Liquidation and Cancellation Date
Subject to compliance or dispensation of the condition of new financing, it is estimated that The liquidation date of the operation is September 12, 2025. Once the liquidation of the offers is completed, both bond emissions will remain in circulation.
Future IAG Planes
After the liquidation date, IAG plans to cancel the bonds acquired by the company according to the offers made. As a result, Approximately 82.96% of the total nominal amount of the 2029 bonds originally issued is expected.