Avianca Lands Local Bonds

Avianca has sold COP410bn ($205m) in bonds on Colombia’s domestic market, according to a broker managing the sale, on the back of COP692bn in total demand. In the offer, the Colombian airline placed COP75bn in 2014 bonds at the IPC index plus 5.50%, COP158bn in 2016s at IPC plus 6.30%, and COP266bn in 2019s at IPC plus 6.69%. Proceeds of the bond sale fund the purchase of 4 new aircraft from Airbus and repay bank debt. InterBolsa coordinated the sale, rated AA+ on a national scale.