Aeroméxico lands five-year bond deal

Aeroméxico lands five-year bond deal

Bonds Debt Capital Markets Fixed Income Mexico US

Mexican airline Aeroméxico said it sold $400 million worth of 2025 notes on Friday to pay off short-term debt and revamp part of its short-distance fleet.The airline priced the five-year non-call three notes at par to yield 7%, according to a source familiar with the deal.Led by Goldman Sachs and Morgan Stanley, Aeroméxico had set the initial price talk in the low- to mid-7% area before it launched the deal. According to the rating agencies that reviewed the bond sale, Aeroméxico plans to use th

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