REG - Intl Con Airline Grp - Senior unsecured bonds - final terms

International Consolidated Airlines SAAnnouncement

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RNS Number : 1630F  International Cons Airlines Group  20 May 2026

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

BONDS FINAL TERMS

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. ("IAG" and, also, the
"Issuer") announces that, following the announcement of the launch of the
issue of two separate series (each, a "Series") of senior unsecured bonds (the
"Bonds") earlier today under record number 40,955, IAG has now set the final
terms of the Bonds.

Series A Bonds:

·      The aggregate amount of the Series A Bonds, EUR 500,000,000, has
been fully subscribed.

·      The Series A Bonds will bear a fixed rate of interest of 3.875
per cent payable annually in arrears.

Series B Bonds:

·      The aggregate amount of the Series B Bonds, EUR 500,000,000, has
been fully subscribed.

·      The Series B Bonds will bear a fixed rate of interest of 4.5 per
cent payable annually in arrears.

The Series A Bonds will be issued at 99.752 per cent of their principal amount
and the Series B Bonds will be issued at 99.723 per cent of their principal
amount. Unless previously redeemed or purchased and cancelled, the Bonds will
be redeemed at 100 per cent of their principal amount on their maturity date.

Settlement of the Bonds is expected to take place on or about 28 May 2026.

J.P. Morgan SE, Morgan Stanley Europe SE, MUFG Securities (Europe) N.V. and
SMBC Bank EU AG act as Joint Global Co-ordinators and as Joint Lead
Bookrunners. Barclays Bank Ireland PLC and Standard Chartered Bank act as
Passive Bookrunners. CaixaBank, S.A., Commerzbank Aktiengesellschaft, Lloyds
Bank Corporate Markets Wertpapierhandelsbank GmbH and NatWest Markets N.V act
as Co- Managers.

 Nicholas Theodore Cadbury

Chief Financial and Sustainability Officer

20 May 2026

 

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

Incorporated in the Kingdom of Spain; registered office at El Caserio, Iberia
Zona Industrial No 2 (La Muñoza), Camino de La Muñoza, s/n, 28042 Madrid,
Spain, with Spanish tax identification number A-85845535 and registered in the
Madrid Mercantile Registry in volume 27,312, book 0, sheet 11, section 8, page
number M-492,129).

LEI: 959800TZHQRUSH1ESL13.

IMPORTANT NOTICE:

This announcement is directed exclusively at market professionals and
institutional investors, is for information purposes only and is not to be
relied upon in substitution for the exercise of independent judgement. It is
not intended as investment advice and under no circumstances is it to be used
or considered as an offer to sell, or a solicitation of an offer to buy, any
security nor is it a recommendation to buy or sell any security. Any decision
to purchase any of the securities should only be made on the basis of an
independent review by you of the Issuer's publicly available information and
based upon the final terms and conditions in respect of the Bonds. None of the
Joint Lead Bookrunners, the Passive Bookrunners, the Joint Global Coordinators
or the Co-Managers (together, the "Managers") nor any of their respective
affiliates accepts any liability arising from the use of, or makes any
representation as to the accuracy or completeness of, this announcement, the
final terms and conditions or the Issuer's publicly available information.

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States. The distribution of this
announcement may be restricted by law in certain jurisdictions and persons
into whose possession any document or other information referred to herein
comes should inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.

This announcement and any offer when made are only addressed to and directed,
in member states of the European Economic Area, at persons who are "qualified
investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 of
the European Parliament and of the Council of 14 June 2017, as amended (the
"Prospectus Regulation") ("qualified investors"). Each person who initially
acquires any securities or to whom any offer of securities may be made will be
deemed to have represented, acknowledged and agreed that it is a "qualified
investor" within the meaning of Article 2(e) of the Prospectus Regulation.

In the United Kingdom, this document is being distributed only to, and is
directed only at, persons who are qualified investors within the meaning of
paragraph 15 of Schedule 1 to the Public Offers and Admissions to Trading
Regulations 2024 who are (i) persons having professional experience in matters
relating to investments falling within the definition of "investment
professionals" in Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order"), or (ii) high net
worth entities falling within Article 49(2)(a) to (d) of the Order, or (iii)
are other persons to whom it may otherwise lawfully be communicated (all such
persons together being referred to as "relevant persons").

This announcement must not be acted on or relied on (i) in the United Kingdom,
by persons who are not relevant persons, and (ii) in any Member State of the
European Economic Area, by persons who are not qualified investors. Any
investment or investment activity to which this communication relates is
available only to qualified investors in the EEA and relevant persons in the
United Kingdom and will be engaged in only with relevant persons.

This announcement or electronic transmission hereof does not constitute or
form part of an offer to sell securities or the solicitation of any offer to
subscribe for or otherwise buy any securities to any person in the United
States, Australia, Canada or Japan or in any jurisdiction to whom or in which
such offer or solicitation is unlawful.

Each of the Managers is acting on behalf of the Issuer and no one else in
connection with the offering of the Bonds and will not be responsible to any
other person for providing the protections afforded to clients of such
Managers or for providing advice in relation to the Bonds or any transaction,
matter or arrangement referred to in this announcement.

In connection with the offering of the Bonds, the Managers and any of their
affiliates, acting as investors for their own accounts or for the accounts of
others, may subscribe for or purchase Bonds and in that capacity may retain,
purchase, sell, offer to sell or otherwise deal for their own accounts or for
the accounts of others in such bonds and any other securities of the Issuer or
related investments in connection with the Bonds, the Issuer or otherwise.
Accordingly, references to the Bonds being issued, offered, subscribed,
acquired, placed or otherwise dealt in should be read as including any issue
or offer to, or subscription, acquisition, placing or dealing by, the Managers
and any of their respective affiliates acting as investors for their own
accounts. The Managers do not intend to disclose the extent of any such
investment or transactions otherwise than in accordance with any legal or
regulatory obligations to do so.

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