Avianca exchange offers brand name as collateral
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Emerging MarketsEM LatAm

Avianca exchange offers brand name as collateral

Avianca, Medellin, Rionegro, airport, Colombia, aeroplane, airline, LatAm

Colombian airline Avianca is offering bondholders the chance to swap unsecured bonds at par for new secured debt as it looks to stave off a looming maturity and clinch $250m of shareholder funding.

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