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Air Baltic (AIRBAL; NR, B+, B) Government owned

CONSUMER CYCLICALS
  • Investor calls for a $ or € 300m Snr secured 5.25NC2 note.
  • Existing €200m Snr unsecured (rated B) rolling off in July. Was issued at 6.75% in 2019 with a rough run since - its +0.6pts this afternoon (at €97) on the announcement.

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