© Reuters. FILE PHOTO: British Airways logos are seen on tail fins at Heathrow Airport in west London, Britain, February 23, 2018. REUTERS/Hannah McKay
LONDON (Reuters) – British Airways-owner IAG (LON:) said it would launch a convertible bond with an initial issue size of approximately 800 million euros due in 2028 to strengthen its balance sheet.
IAG said that given the continuing uncertainty around air travel the new funds would help the group’s overall liquidity position and provide the group with extra resources to take advantage of a recovery in demand.
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