(Bloomberg) — Norwegian Cruise Line Holdings Ltd. sold a larger-than-expected $675 million of junk bonds that have a pledge on the company’s vessels and islands as it seeks to raise as much as $2 billion from a broader financing to survive the travel industry shutdown.The cruise line operator priced the four-year secured bonds, which were increased from $600 million, at a coupon of 12.25% and a discount of 99 cents on the dollar for an all-in yield of 12.575%, according to people with knowledge of the transaction. The bond was earlier offered with a coupon of 12.25% to 12.5% with …read more
Source:: Yahoo Finance
