AirAsia Aviation Group is testing investor appetite with a $230m private credit transaction arranged by Deutsche Bank, as the airline sector faces renewed pressure from rising fuel costs, according to a report by Bloomberg citing unnamed people familiar with the deal.
The 18-month financing is structured as a revenue-backed bond tied to ticket sales from selected AirAsia routes. Deutsche Bank has fully underwritten and funded the transaction and is now seeking to distribute portions of the expos...
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