Lufthansa announced (29-Mar-2012) that Lufthansa Malta Blues LP successfully priced the issue of EUR234.4 million notes due 2017 exchangeable into shares of common stock of JetBlue Airways Corporation at the option of the noteholders and guaranteed by Lufthansa AG. Lufthansa offered and sold the notes to qualified institutional buyers in an institutional private placement. Lufthansa, which expects to settle the offering on or around 05-Apr-2012, set the terms for the five-year notes maturing 05-Apr-2017 at a coupon of 0.75% p/a, payable annually and an initial exchange price of EUR5.02 per share of JetBlue common stock, representing an exchange premium of 37.5% based on the volume weighted average trading price between market open and pricing on 29-Mar-2012. JetBlue will not receive any of the proceeds from the sale of the notes or any financial benefit from the exchange of JetBlue common stock. The proceeds from the offering are to be used for general corporate purposes.