Avia $300m debut bond lands safe but at steep price

Avia_Alamy_230x150_27Nov19
By Karoliina Liimatainen
27 Nov 2019

Aircraft leasing and aviation services company Avia Solutions Group became the latest debutant in the European high yield bond market on Tuesday. Central bank monetary policy has eased the path for a number of debuts in the last couple of weeks.

Avia, a Cyprus-based company with its operations largely in Lithuania, was not treated as kindly by investors as some other recent high yield bond debutants of late.

Its $300m issue of senior unsecured notes was first announced over two weeks ago but it took until Tuesday to price ...

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