Spread Research - AIR BERLIN (AIRBR) Air Berlin Announces Exchange Offer for 2019 Convertible Bond

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Air Berlin Announces Exchange Offer for 2019 Convertible Bond

â€‹Air Berlin Finance B.V, the subsidiary of Germanyâ€™s second largest airline, announced today an exchange offer for its â‚¬140m 6.00% convertible bond due 6 March 2019, but with a holder put option at the principal amount on 6 March 2017. The exchange offer consists of a one for one exchange of the existing convertible bond for a new convertible bond. The new convertible bond will have the same maturity date (6 March 2019), higher coupon of 8.50% (vs. 6.00%), lower conversion price of â‚¬1.15 (vs. 2.11), and a holder put option on 29 December 2017 at the principal amount. In addition to the exchange offer, we....

09/02/2017 1 EN

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AIR BERLIN

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Spread Research

Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

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Air Berlin Announces Exchange Offer for 2019 Convertible Bond

Air Berlin - 3Q16 Results

AIR BERLIN - 1Q16 RESULTS

Gamenet 2q18 - sport payout change offsets regulation impact, goldbet to boost profitability

INTRALOT- Special Comment

IQVIA- 2Q18 Comments

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