Belfast Telegraph

BA £600m bond launch takes off

British Airways has launched a £603m publicly traded bond issue, using 14 of its new planes as collateral. The flag carrier, owned by International Airlines Group, is issuing two classes of certificates, backed by a pool of six Boeing 787-8 aircraft, two 777-300 jets and six Airbus 320-200s, all due for delivery between now and June 2014.

British Airways has launched a £603m publicly traded bond issue, using 14 of its new planes as collateral. The flag carrier, owned by International Airlines Group, is issuing two classes of certificates, backed by a pool of six Boeing 787-8 aircraft, two 777-300 jets and six Airbus 320-200s, all due for delivery between now and June 2014.

Belfast Telegraph

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