Air Berlin sells €250m PP after weak exchange

By GlobalCapital
08 May 2014

Air Berlin concluded its latest financial restructuring round on Thursday with the issue of €250m of high yield bonds in euros and Swiss francs.

The deal had been launched on April 27 as an exchange offer for holders of €350m of the firm’s outstanding short-dated paper, with a provision for the issuance of up to €150m of new notes in either euros or Swiss francs.

Last Friday it was announced there would ...

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