LatAm Airlines Prints Second ECGD Backed Bond

LatAm Airlines Prints Second ECGD Backed Bond

Bonds

Latam Airlines Group has priced a $133.1m bond guaranteed by the UK Export Finance’s Export Credit Guarantee Department. Issued through the Carpintero Finance Limited vehicle, the 2024 bond with a 6.05% year average life was priced at par with a 2.581% coupon, equal to MS+100bp, landing flat to 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 withhol

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