International Consolidated Airlines Group SA (IAG) (IAGLN)

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International Consolidated Airlines Group SA (IAG) (IAGLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	IAGLN	International Consolidated Airlines Group SA (IAG)	$1,000		2	EMEA	Jun 28, 2019

Tranche #1International Consolidated Airlines Group SA (IAG)

currency

USD

size (m)

500.000

maturity

Jul 4, 2023

type

Fixed

tenor

4.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+130 a

ipt-pxd

guidance

MS+95-100

spread

coupon

0.5%

spread set

price

99.41700

yield

0.648%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2International Consolidated Airlines Group SA (IAG)

currency

USD

size (m)

500.000

maturity

Jul 4, 2027

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+190 a

ipt-pxd

guidance

MS+165-170

spread

165

coupon

1.5%

spread set

price

99.80300

yield

1.661%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

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

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International Consolidated Airlines Group SA (IAG) (IAGLN)

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