Aer Lingus owner IAG to raise extra €825m to bolster finances amid continued uncertainty

Airline group is issuing a further bond after it raised €1.2bn in March as travel remains hit by pandemic fallout

Aer Lingus owner IAG is undertaking a further debt raise to bolster its finances.

Aer Lingus owner IAG has said it is raising a further €825m in debt in order to bolster its finances amid continued uncertainty around the resumption of air travel.

The group — which also owns British Airways and Spanish carriers Iberia and Vueling — is raising the money through the issuance of a convertible bond, with an interest rate of 1.12%.