Braathens completes unsecured bond issue

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Braathens Aviation, the parent company of newly launched Braathens Regional, has completed a SKr 300 million ($46.9 million) senior unsecured bond issue in the Nordic market.

The five-year bond carries an interest of three-month Stockholm interbank offered rate plus 5.75%.

The proceeds from the bond issue will be used to fund aircraft pre-delivery payments, to boost liquidity reserve and for general corporate purposes.

SEB Markets acted as sole manager for the bond issuance.

Braathens Aviation is the parent company of Braathens Leasing and Malmo Aviation, which placed an order in 2011 for five Bombardier CS100 and five CS300 aircraft, plus 10 options in a $1.37 billion transaction.