International Consolidated Airlines Group SA (IAG) (IAG) 2019-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD500.0004Jul-23Sr. UnsecuredBaa3BBB-FixedSwapsMS+130 aMS+95-100950.50%-99.41700
USD500.0008Jul-27Sr. UnsecuredBaa3BBB-FixedSwapsMS+190 aMS+165-1701651.50%-99.80300
Tranche Comments
4 yr: Registration: Reg S Only; Comments: EUR500m no-grow 4yr snr unsec. With 7yr. Baa3/BBB. Actives BNPP(B&D)/BAML/JPM. IPTs MS+130 area, guidance MS+105/110, revised MS+95/100 WPIR set MS+95 on bk 2.6bn (peaked >3.2bn), vs OBL #177 0% Apr-2023 HR100%, MWC B+25, 3mPC. FTT 4.20pm (Source: IFR); 8 yr: Registration: Reg S Only; Comments: EUR500m no-grow 7yr snr unsec. With 4yr. Baa3/BBB. Actives BNPP(B&D)/BAML/JPM. IPTs MS+190 area, guidance MS+170/175, revised MS+165/170 WPIR, set MS+165 on bk 1.7bn (peaked >2bn), vs DBR 0.25% Feb-2027, HR92%, MWC B+35, 3mPC. FTT 4.20pm (Source: IFR);
Use of Proceeds
Refinancing