Latvian airline airBaltic has made its second bond coupon payment to its investors in the amount of €13.5 million.
Martin Gauss, Chief Executive Officer of airBaltic: “Back in 2019 the bond issue was designed to support future growth path of the company. We saw a dramatic change last year, but airBaltic’s core vision for the future remains the same – to be the number one carrier in the Baltics, providing the best connectivity to and from the region.”
On July 24, 2019 airBaltic placed a €200 million 6.75% five-year bond issuance, which was well received by the international and local investor community, resulting in a final allocation to more than 100 investors from 25 countries and the demand for the securities exceeded supply.