Banks leading the bankruptcy exit financing for Latam Airlines are sweetening the price on $1.5 billion of high-yield bonds amid tepid investor demand. Investment-grade spreads hit the widest since June 2020, signaling further caution in the market.
- The spread on the Markit CDX North American Investment Grade
Index, which declines as credit risk drops, tightened 0.30 basis points to 107.0 as of 7:20 a.m. New York time
- JPMorgan is
proposingan all-in yield in the range of 14% to 15% on the Latam Airlines’ junk bond from an initial price talk of around 13%, according to people familiar with ...