By Rebecca Melvin
New York, Nov. 11 – Deutsche Lufthansa AG priced €600 million of five-year senior unsecured convertible bonds with a 2% coupon and 40% initial conversion premium, according to a company release.
The initial conversion price was set at €12.96.
The company said that the transaction was more than six times oversubscribed.
Further details on the deal terms were not immediately available.
Lufthansa is the flag carrier of Germany.
| Issuer: | Deutsche Lufthansa AG
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| Issue: | Senior unsecured convertible bonds
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| Amount: | €600 million
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| Maturity: | Nov. 17, 2025
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| Coupon: | 2%
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| Conversion premium: | 40%
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| Conversion price: | €12.96
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| Announcement date: | Nov. 10
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