LATAM Airlines Group: LATAM Airlines Group announces successful bond issue in Chile

Santiago, Chile, June 6, 2019- LATAM Airlines Group S.A. ("LATAM" or "the Company") (NYSE: LTM / IPSA: LTM) Latin America's leading airline group, successfully issued a bond in Chile's capital market as part of aDutch auction, a first for LATAM on the Santiago Stock exchange,Bolsa de...

London, 06/06/2019 (informazione.news - comunicati stampa - turismo)

- LATAM Airlines Group S.A. ("LATAM" or "the Company") (NYSE: LTM / IPSA: LTM) Latin America's leading airline group, successfully issued a bond in Chile's capital market as part of a , a first for LATAM on the Santiago Stock exchange,

The transaction was achieved with attractive conditions and a risk rating of "BBB+" by Feller-Rate and Fitch for the approved line. On this occasion, it was placed under Series E for 5.0 million Unidades de Fomento (UF) over 10 years, with capital payment due on DATE (bullet) and a monthly interest payment at a placement rate of 2.73%, representing a spread of 201 basis points over the reference rate, running 67 basis points during the auction regarding the subscription rate.

The transaction was completed in a context of favorable market conditions, taking advantage of lower interest rates and high liquidity, in addition to strong interest from institutional clients. As a result, the Series E was received with surplus -demand, approximately 2.0 times greater, mainly consisting of pension funds and mutual funds among others.

Credicorp Capital and Santander were the financial advisers and placing agents for the transaction.