<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>.<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>.<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>.<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>
<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>.<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>.<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>.<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>