LATAM talks pricing for dollar bonds

LATAM talks pricing for dollar bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Chile Rule 144a/ RegS

Chile's LATAM Airlines has set the initial price range for a two part-bond sale that it plans to carry out next month, looking to raise $1.5 billion as part of its plans to exit Chapter 11 bankruptcy proceedings, a source familiar with the deal told LatinFinance on Thursday. The airline will begin calling investors on Friday to pitch the sale of $750 million in five-year bonds and another $750 million in seven-year bonds, the source said. It has opened the price talk between 13% and 13.25% for b

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