Icelandic LCC WOW Air has closed on a €60 million ($70.4 million) bond issue and started preparing for an initial public offering (IPO) within 12-18 months. “The size of the bond [issue] is €60 million, of which €50 million has already been sold and €10 million will be sold to investors in the months to come,” WOW said in a statement. The bonds, which mature in three years, closed on Sept. 18 and will pay 9% interest. Both Icelandic and foreign investors ...

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