Avianca Holdings successfully placed a USD 300 million bond offering in the international capital markets.

The Company´s sound performance captured investors’ attention which resulted in an order book exceeding USD 2.3 billion or equivalent to an oversubscription nearly 8 times the offering.

The proceeds of the seven-year bond offering with an 8.375% coupon will be primarily allocated to fleet financing and other general corporate purposes

BOGOTÁ, Colombia—(BUSINESS WIRE)—Following an extensive roadshow led by Citigroup and JPMorgan, which included cities such as Bogota, London, Boston, New York, Los Angeles, Lima and Santiago, Avianca Holdings successfully priced its inaugural 7 year international bond. This offering received orders from investors in excess of USD 2.3 billion dollars.

More than 180 institutional investors participated in the transaction supporting the Company’s medium and long term business plan.

“Our entry into the international capital markets is a key milestone in the completion of the strategic objectives we have laid out for the Company. This is one more step in our path to become the leading Latin American air services provider preferred by our customers worldwide. The results of this transaction reaffirm the market confidence in our business plan.” Fabio Villegas, Avianca Holdings CEO.