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EANS-News: Air Berlin PLC launches convertible bond

Berlin, (euro adhoc) - Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.

Company Information

Air Berlin PLC is today launching a new convertible bond
of approximately 120 million euros with a maturity of six years. The bonds, which can be converted into Air Berlin PLC stock, are issued at 100 per cent of nominal value with an annual interest rate of 6 per cent. Air Berlin intends to use the revenue from the sale of these bonds to boost the company's working capital and for general business purposes. The offering is aimed at international institutional investors outside the USA. Major shareholder and strategic partner Etihad Airways intends to subscribe to 29.2 per cent of the convertible bond.
Credit Suisse is mandated as sole lead manager and sole bookrunner for the bonds offering.

end of announcement euro adhoc

company: Air Berlin PLC The Hour House, High Street 32 UK-WD3 1ER Rickmansworth, Herts phone: +49 (0)30 3434 1500 FAX: +49 (0)30/3434-1509 mail: abpresse@airberlin.com WWW: http://www.airberlin.com sector: Air Transport ISIN: GB00B128C026 indexes: SDAX, Classic All Share, Prime All Share

stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, free trade/Bondm: Stuttgart, regulated dealing/prime standard: Frankfurt language: English

Digital press kit: http://www.ots.at/pressemappe/EASY_12274/aom

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0002