EANS-News: Air Berlin PLC launches convertible bond

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Company Information

Berlin, (euro adhoc) - 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.

Further inquiry note:
Mathias Radowski
Press Officer
Tel.: +49 (0)30/3434-1500
E-Mail: [email protected]
end of announcement euro adhoc
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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:        [email protected]
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

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

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