AviancaTaca to place $400 million bonds

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AviancaTaca plans to place $400 million worth of bonds in international markets, to finance the airline's fleet expansion.

The carrier's board approved the bonds on 10 April, delegating to the company's legal representatives to determine the terms and conditions of the bonds, the markets, currencies and their interest rates.

The airline says in a filing to financial regulatory authorities in Colombia that it will use the placement to finance the fleet expansion of the carrier and its subsidiaries.