Latvia’s Air Baltic to fully redeem 6¾% bonds due 2024 on May 29

By Mary-Katherine Stinson

Lexington, Ky., April 29 – Air Baltic Corp. AS issued a conditional notice of redemption for its €200 million 6¾% bonds due July 2024 (ISIN: XS1843432821).

Subject to a successful issue of new secured fixed-rate bonds, the bonds will be fully redeemed on May 29 at 101.6875 plus accrued interest, according to a company news release.

The notice of redemption will become irrevocable once the finance condition is satisfied on or prior to the redemption date.

After the redemption, the bonds will be canceled and delisted from Euronext Dublin.

Air Baltic is a government owned airline in Latvia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.