Carnival Boosts Dollar Bond Offering Amid Rampant Demand
- Cruise operator increases bond to $4 billion with 12% coupon
- JPMorgan, Goldman Sachs, BofA are leading the bond sale
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Cruise line operator Carnival Corp., one of the companies on the frontline of the coronavirus pandemic, has increased its dollar bond offering after scrapping plans to issue part of it in euros.
The company raised its debt issuance to $4 billion on Wednesday after it had earlier approached bond investors on both sides of the Atlantic to sell $3 billion of notes in dollars and euros, according to people with knowledge of the transaction. But with investors piling into the dollar offering, Carnival pulled the plug on the euro tranche.