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All change at Iberbond
01 December 2004
Iberbond 2004 was always going to be one of the key deals of 2004. With many European airlines disappointed by the pricing that Air France's notes achieved, many were waiting to see what Iberia could achieve — especially as it changing the structure.
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Iberbond
Iberbond 2004 was always going to be one of the key deals of 2004. With many European airlines disappointed by the pricing that Air France's notes achieved, many were waiting to see what Iberia could achieve — especially as it changing the structure.
Unfortunately Iberia's $900 million enhanced equipment trust certificate (EETC) has not been an easy deal.
The deal's launch has been delayed, the airline failed to achieve the triple-A rating it wanted and it has also upset several key relationship banks by changing the syndicate for the...
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