NAS may launch first Nordic HY

Norwegian
By Victor Jimenez
25 Apr 2016

Norwegian Air Shuttle (NAS), the low-cost airline, could become the first Nordic borrower to issue this year in the European high yield bond market.

NAS has mandated Morgan Stanley to sound investors this week for a potential issue. A source said the company’s CFO, Frode Foss, was available to attend the meetings.

The conversations with investors come shortly after NAS, unrated, published on April 21 its first quarter results. It made a Nkr800m ...

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