Avianca Lands Sweetened Bond
Colombia's Avianca Holdings has priced a $300m bond, getting the deal done after shortening the tenor and giving up a bit more in pricing that the airline initially planned. The 2020 NC4 priced at 98.706 with an 8.375% coupon to yield 8.625%, tight to the low-9% indications that were widened from initial mid-8% discussions. The issuer...
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