Latam Plots Ticket ABS

Latam Plots Ticket ABS

Chile Bonds Structured Finance

Latam Airlines is planning to issue a $450m securitization of airline ticket payment flows, according to Fitch, which assigns a BB+ rating. The Chilean will market the 7-year ABS starting in Santiago today, and will then visit Lima, Los Angeles, London, Boston, and Hartford before ending in New York, October 31. Citi and Bank of America Merrill Lynch are managing the deal, to be issued by the Guanay Finance Limited special purpose vehicle. The bonds are backed by USD and CAD-denominated receivab

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