Copa stays out of bond market

Copa stays out of bond market

Debt Corporate & Sovereign Strategy Loans Bonds Panama Colombia

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 ro

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