Carnival Cruises buys back CBs after share sale

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By Aidan Gregory
10 Aug 2020

Carnival Cruises has completed a partial buy-back of the $2bn three-year convertible bond it issued in April, to give it extra liquidity during the Covid-19 pandemic.

The buy-back has been financed through the sale of 99.18m new shares at $14.02 a share. That was at no discount to the clsoing price for the shares in New York on Wednesday, August 5, the day before the transaction was announced.

Goldman Sachs was placement ...

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