Priced the €340m 5.25NC2 Sr Sec at 14.5%/Z+1100 vs. price talk 15%a
Tough refi for the co - its 24's were issued in 2019 at 6.75%/Z+700 at then BB- ratings - bonds were trading about ~6% below the €101.7 call this year.
TRANSPORTATION: Air Baltic (AIRBAL Sr Sec; NR, B+, B) Government owned
Last updated at:May-08 07:47By: Piri Muthu
Priced the €340m 5.25NC2 Sr Sec at 14.5%/Z+1100 vs. price talk 15%a
Tough refi for the co - its 24's were issued in 2019 at 6.75%/Z+700 at then BB- ratings - bonds were trading about ~6% below the €101.7 call this year.
