12-Apr-2011 10:53 AM

Air Berlin to issue EUR100m in new bonds

Air Berlin announced (11-Apr-2011) it intends to issue EUR100 million in new bonds, which may be increased by up to EUR50 million. The bonds will be denominated into EUR100 units with a coupon of 8.25%, redeemable for 100% of their principal amount on 19-Apr-2018, subject to prior early redemption. Air Berlin PLC intends to include the bonds for trading in the Bondm trading segment of the open market of the Baden-Württemberg Stock Exchange in Stuttgart and in the open market of the Frankfurt Stock Exchange and to list the bonds on the Main Securities Market of the Irish Stock Exchange. Air Berlin intends to use the proceeds from the sale of the bonds for refinancing and general corporate purposes. quirin bank AG is the lead manager. [more]

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