LONDON: British Airways parent IAG SA will sell convertible bonds valued at 1 billion euros (US$1.07bil) to help finance the purchase of Irish carrier Aer Lingus Group Plc.
The bonds would be sold in two 500 million-euro tranches, with one set maturing in 2020 and the second in 2022, the London-based company said in a statement yesterday. Settlement will take place on Nov 17.
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