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Lufthansa AG to issue JetBlue convertible bonds
Deutsche Lufthansa AG (LHA.XE) announced today that its company Lufthansa Malta Blues LP is planning to issue bonds maturing in 2017 which can be converted into up to 46.7 million JetBlue Airways Corp. (JBLU) shares.
The Wall Street Journal reported that the convertible bonds are guaranteed by the parent company, Deutsche Lufthansa.
The bonds will be privately placed with institutional investors.
The coupon and premium will be set after the pricing, which is likely to be later in the day.
Proceeds of the bonds will be used for general purposes.
