Russian airline Aeroflot's SPO book covered - two sources

FILE PHOTO: A passenger wears a protective mask near the booking office of Russia's flagship airline Aeroflot at Sheremetyevo International Airport outside Moscow, Russia February 4, 2020. REUTERS/Maxim Shemetov/File Photo

MOSCOW (Reuters) - The book for the secondary public offering (SPO) of Russia's biggest airline Aeroflot's AFLT.MM is covered, two sources with knowledge of the matter told Reuters on Friday.

The airline plans to raise at least 80 billion roubles (790 million pounds) in a SPO in Moscow, with institutional investors expected to buy Aeroflot’s new shares for up to 39 billion roubles.

Reporting by Olga Popova; Writing by Alexander Marrow; editing by Louise Heavens