Air Berlin has launched a new convertible bond of approximately €120 million ($156.8 million) with a maturity of six years. The bonds, which can be converted into Air Berlin stock, are issued at 100% of nominal value with an annual interest rate of 6%. The carrier said strong demand allowed it to increase the issue size by €20 million to €140 million. “We were able to close the order book after only a very short time and place the convertible bonds successfully on ...

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