{"id":373167,"date":"2020-09-11T09:02:43","date_gmt":"2020-09-11T03:32:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373167"},"modified":"2020-09-11T09:37:11","modified_gmt":"2020-09-11T04:07:11","slug":"british-airways-owner-iag-in-2-7-billion-euro-rights-issue","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/british-airways-owner-iag-in-2-7-billion-euro-rights-issue\/","title":{"rendered":"British Airways owner IAG in 2.7-billion-euro rights issue"},"content":{"rendered":"<p>IAG will raise 2.741 billion euros through a fully underwritten, heavily discounted capital increase, the owner of British Airways said on Thursday.<\/p>\n<p>IAG said it would issue 2.97 billion new shares at 0.92 euros, representing a 36 per cent discount to the theoretical ex-rights price based on the closing price on Wednesday.<\/p>\n<p>For each existing share of IAG, its holder is entitled to one subscription right and 2 subscription rights are required to subscribe for 3 new shares.<\/p>\n<p>The equity raising, to which its biggest shareholder Qatar Airways subscribed for its pro-rata entitlement, was announced in July and approved by shareholders on September 8.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IAG will raise 2.741 billion euros through a fully underwritten, heavily discounted capital increase, the owner of British Airways said on Thursday. IAG said it would issue 2.97 billion new shares at 0.92 euros, representing a 36 per cent discount to the theoretical ex-rights price based on the closing price on Wednesday. For each existing share of IAG, its holder is entitled to one subscription right and 2 subscription rights are required to subscribe for 3 new shares. The equity raising, to which its biggest shareholder Qatar Airways subscribed for its pro-rata entitlement, was announced in July and approved by [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-373167","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=373167"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373167\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}