Avianca Roadshow Takes off

Avianca Roadshow Takes off

Colombia Bonds

Colombia’s Avianca Holdings is targeting a $300m unsecured bond, according to Fitch, which assigns a B+ to the potential deal. The airline plans to begin a fixed-income roadshow today, according to investors. It is to visit Boston, Lima, London, Santiago, New York and Los Angeles, finishing May 1. Citi and JPMorgan are managing the deal, rated below the company’s default BB minus rating due to subordination to senior secured debt. Earlier this month, Avianca’s board authorized the company to iss

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