Story thread · 2 reports / 1 sources

Air Baltic Bonds Slump After Airline’s Debt-for-Equity Swap Plan

bloomberg.com · 2hShare

Bonds issued by Air Baltic Corp slumped further into deeply distressed levels after the ailing Latvian airline announced plans to swap much of its debt for equity as part of a restructuring plan.

First report: Latvia’s Air Baltic Plans Smaller Fleet, Debt-for-Equity Swap — bloomberg.com, 1d