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29 November 2019
29. November 2019 Company

Airbus exercises option to redeem zero coupon convertible bonds

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THIS PRESS RELEASE AND THE INFORMATION IT CONTAINS DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES IN ANY JURISDICTION AND IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, WHETHER DIRECTLY OR INDIRECTLY AND WHETHER IN WHOLE OR IN PART, INTO OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL.

 

 

Amsterdam, 29 November 2019 – Airbus SE (stock exchange symbol: AIR, the “Issuer”) announces the exercise of its option to redeem its Zero Coupon Convertible Bonds due 1 July 2022 (the “Bonds”) (ISIN: XS1254584599).

The Issuer has notified the Trustee and the Bondholders that on 30 December 2019 (the “Optional Redemption Date”), it will redeem for cash at their principal amount all of the Bonds still outstanding on the Optional Redemption Date.

Conv-Ex Advisors Limited, acting as Calculation Agent of the Bonds, has determined, in accordance with the Conditions (as defined below) that the Parity Value on each of at least 20 dealing days comprised in the period of 30 consecutive dealing days ending 28 November 2019 has exceeded € 130,000.

As at the date of this notice, the Conversion Price is € 99.5423 per Ordinary Share.

The Bonds were issued in June, 2015 in an aggregate principal amount of € 500,000,000. As at 28 November 2019, being the latest practicable date prior to the date of this notice, an aggregate principal amount of Bonds of € 500,000,000 remains outstanding and on such date the Closing Price of the Ordinary Shares was € 133.62. 

Bondholders may exercise their Conversion Rights in accordance with Condition 6.1 by delivering their Bonds, together with a duly completed and signed Conversion Notice, to The Bank of New York Mellon, London Branch (the “Conversion Agent”) no later than close of business on 20 December 2019. Bondholders may obtain a form of Conversion Notice from the Conversion Agent.   

Capitalised terms that are not defined herein shall have the meanings given to them in the terms and conditions of the Bonds (the “Conditions”).

 

DISCLAIMER

This announcement does not constitute or form part of an offer to sell securities, or the solicitation of an offer to buy or subscribe for any securities, to or from any person in any jurisdiction.

The information contained in this announcement is for background purposes only and does not purport to be full or complete.  No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness.  This announcement is not intended as investment advice, nor is it a recommendation to transact in any security. The information in this announcement is subject to change.

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