LATAM Airlines has issued a UF5 million ($200 million) bond in Chile’s capital market.
The 10-year bond was offered to institutional investors on the Santiago stock exchange, Bolsa de Comercio de Santiago. It carries a monthly coupon of 2.73% - with a spread of 201 basis points, LATAM says in a statement.
Credicorp Capital and Santander were the financial advisers and placing agents for the transaction.
Source: Cirium Dashboard
LATAM Airlines Group reported a first-quarter profit of $258 million, a record for the period, profiting of ongoing strong demand during Latin America’s high travel season.
Chilean investigators have determined that an involuntary forward shift of the captain’s seat preceded the in-flight upset involving a LATAM Airlines Boeing 787-9 last month. The aircraft had been cruising at 41,000ft en route to Auckland from Sydney on 11 March. It experienced a “sudden unintentional” loss of altitude, says ...
Chilean authorities have clarified that they will lead the investigation into the in-flight upset involving a LATAM Boeing 787, after initially indicating delegation to New Zealand counterparts. Several occupants were injured after the twinjet experienced the upset en route from Sydney to Auckland, as flight LA800, on 11 March. Chile’s ...
