Aeroméxico books global bond sale

Aeroméxico books global bond sale

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

Mexican airline Aeroméxico plans to issue $400 million worth of global notes, according to ratings reports issued by Moody's and S&P Global on Friday.The company will use the proceeds from the dollar-denominated bonds to pay off short-term debt, revamp its short-distance fleet and reinforce its cash position, the rating agencies said. Moody's assigned the upcoming notes a B1 rating with a stable outlook, citing Aeroméxico's "leading position in Latin America supported by superior network con

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