LATAM puts bond issue on hold

LATAM puts bond issue on hold

Brazil Chile Bonds

LATAM Airlines has postponed a possible cross-border bond issue to fund a $463m liability management exercise, sources familiar with the airline’s plans said.The Chilean carrier earlier this month picked a group of banks to lead investor meetings, ahead of a possible eight-year bond deal. LATAM had intended to use the proceeds buy back up to $463m in 2017 and 2021 guaranteed bonds from Brazilian airline TAM.The new bond issue depended on the success of the bond buyback, one debt capital ma

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