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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.
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