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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Latam Airlines Grp. S.A. (delisted) | NYSE:LFL | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.47 | 0.00 | 01:00:00 |
Santiago, Chile, June 6, 2019- LATAM Airlines Group S.A. ("LATAM" or "the Company") (NYSE: LTM / IPSA: LTM) Latin America's leading airline group, successfully issued a bond in Chile's capital market as part of a Dutch auction, a first for LATAM on the Santiago Stock exchange, Bolsa de Comercio de Santiago.
The transaction was achieved with attractive conditions and a risk rating of "BBB+" by Feller-Rate and Fitch for the approved line. On this occasion, it was placed under Series E for 5.0 million Unidades de Fomento (UF) over 10 years, with capital payment due on DATE (bullet) and a monthly interest payment at a placement rate of 2.73%, representing a spread of 201 basis points over the reference rate, running 67 basis points during the auction regarding the subscription rate.
The transaction was completed in a context of favorable market conditions, taking advantage of lower interest rates and high liquidity, in addition to strong interest from institutional clients. As a result, the Series E was received with surplus -demand, approximately 2.0 times greater, mainly consisting of pension funds and mutual funds among others.
Credicorp Capital and Santander were the financial advisers and placing agents for the transaction.
1 Year LATAM Airlines Group S.A. Chart |
1 Month LATAM Airlines Group S.A. Chart |
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