March 13, 2013
Braathens Aviation successfully completes bond issue
Braathens Aviation has successfully completed a SEK 300m senior unsecured bond issue in the Nordic bond market with maturity in March 2018. The bond carries an interest of 3-month STIBOR plus 5.75%. An application will be made for the bonds to be listed on the Oslo ABM. The proceeds from the bond issue will be used for part financing of pre-delivery payments in regards to the fleet renewal program, liquidity reserve and general corporate purposes.