Latam Airlines Prints ECGD Backed Bond

Latam Airlines Prints ECGD Backed Bond

Brazil Chile Bonds

Latam Airlines Group has issued a $137.7m bond guaranteed by the UK Export Finance’s Export Credit Guarantee Department. Issued through the Carpintero Finance Limited vehicle, the 2024 bond with a 6.02-year average life was priced at par with a 2.004% coupon, equal to MS+90bp, in line with guidance. ECGD will unconditionally guarantee payments of all scheduled principal and interest, any applicable makewhole amount under the notes, as well as additional amounts payable in respect of withholding

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