February 5, 2019 |
Latam Airlines has issued $600m in new bonds at 7% after opening the deal around 7.25%, sources told LatinFinance.
The underwriters BNP Paribas, Credit Suisse, Deutsche Bank and Santander priced the seven-year notes at 99.309 to yield 7.125%.
"When Latam comes to market, it's because they know there is appetite," said a ratings analyst. "I can't tell you how the book did, but I am sure they got they money they needed."
A debt capital markets banker on the deal discussed the pricing but declined
Chilean carrier issues $600m in seven-year notes at 7%