Norwegian Air Shuttle launches unrated bond after red quarter

Norwegian
By Victor Jimenez
29 Apr 2015

Low cost airline Norwegian Air Shuttle is set to begin meeting investors on May 4 to sell its second high yield bond.

The unrated company has mandated Arctic Securities, Danske Bank and DNB as bookrunners. A banker at one of them said the size of the offer and use of proceeds would be disclosed next week. He also said high yield desks were managing the deal.

At another bookrunner, a banker ...

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