Avianca Widens Price Talk

Avianca Widens Price Talk

Colombia Bonds

Colombia’s Avianca Holdings is targeting a yield in the low 9%s, according to people following the sale, representing a widening from mid-8% indications Wednesday. Pricing for the B/B $300m 2020 NC4 is expected today. The books were heard oversubscribed as of late Thursday. Comping in the sector is not straightforward, investors say, with TAM’s (BB/BB) 2021 trading at around 6.5% Thursday, and Brazil’s Gol (B/B minus) yields double digits. Avianca’s board authorized the company to issue up to $4

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial