airBaltic (BT, Riga) has said it expects to bolster its liquidity and financial stability, facilitating investments in fleet expansion and modernisation, after pulling in EUR840 million euros (USD901 million) worth of orders for an issue of a steep 14.5%-yield junk bond priced at EUR340 million euros (USD364.7 million).

The issue of the five-years-and-three-months senior secured bonds is the biggest corporate bond offering from Latvia and, according to Bloomberg, the highest coupon rate seen in the European high-yield bond…

Source: ch aviation
Read more: Latvia's airBaltic raises €840mn in bond issuance