Royal Caribbean sells $1bn of new convertible bonds

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Royal Caribbean sells $1bn of new convertible bonds

Aidan Gregory
June 05, 2020 10:00 AM
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March 31, 2020, Fort Lauderdale, Florida, United States Of America: FORT LAUDERDALE, FL - MARCH 31 Royal Caribbean’s cruise ship Adventure of the Seas sits anchored as she waits off a Florida beach after the Port Director for Port Everglades said he was caught completely blindsided today as another Crusie ship the Crown Princess arrived with crew needing medevac. on March 31, 2020 in Fort Lauderdale, Florida..People: Adventure of the Seas (Credit Image: © SMG via ZUMA Wire) | SMG/Zuma Press/PA Images

Royal Caribbean, the Miami-based cruise line operator, has tapped the convertible bond market for $1bn of funding to shore up its balance sheet until cruises are allowed to resume once the Covid-19 global pandemic subsides.

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