February 1, 2019 |
Panama's Copa Holdings does not plan to go to the bond market or refinance loans anytime soon, a company source told LatinFinance.
Copa, which owns airlines in Panama and Colombia, has paid most of its more expensive loans either early or on time, including facilities with rates between 3.5% and 4%, said an investor relations representative at the company.
"Now we only have a few loans at below 4%," he added.
Copa has borrowed $1.2bn from several banks since 2010 to finance the acquisition of
Airline intends to pay off its loans on time, rather than refinance them