Reacquired Bonds Valued at EUR 371 Million by IAG Company
International Airlines Group (IAG), the parent company of British Airways, Iberia, and other airlines, has announced the repurchase of bonds totaling €371.1 million.
The repurchased bonds include €89.9 million worth of 2027-maturity bonds and €281.2 million worth of 2029-maturity bonds. These bonds, issued by IAG, have a maturity date of 2027 and 2029 respectively.
IAG has confirmed the repurchase as part of its ongoing financial operations. The airline group did not provide a specific reason for the additional bond repurchase in the latest announcement.
The repurchased bonds are a part of IAG's financial operations, and the total amount of bonds repurchased by IAG so far amounts to €371.1 million. However, the airline group has not specified which bonds were repurchased in the latest announcement.
This bond repurchase is not the first for IAG. Earlier this year, the airline group repurchased €281.2 million worth of 2029-maturity bonds, bringing the total amount of bonds repurchased by IAG to €371.1 million. The search results do not provide information on who purchased the bonds worth 371.1 million euros maturing in 2027 and 2029.
The announcement was made by IAG, reinforcing the airline group's commitment to its financial operations and strategic decision-making. The repurchase of these bonds is expected to strengthen IAG's financial position and provide greater flexibility in managing its debt portfolio.
As the airline industry continues to face challenges due to the ongoing pandemic, IAG's bond repurchase is a testament to the airline group's resilience and its ability to navigate through uncertain times. The repurchased bonds will be integrated into IAG's financial operations, providing the airline group with the resources it needs to continue its operations and invest in its future.
