Avianca Parent Plans IPO to Seal Comeback Bondholders Bet Big On
- Abra wants to sell shares in NY or London within 18 months
- Avianca 2028 bonds have returned more than 15% so far in 2023
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The holding company for Avianca Group International Ltd., a Colombian airline that filed for bankruptcy during the pandemic, is planning an initial public offering as revenue roars back.
“Without a doubt the IPO makes sense to support the group’s growth,” Avianca’s head of investor relations Maria Cristina Ricardo said in an interview. The plan is for Abra Group Ltd. to sell shares in New York or London in the next 12 to 18 months, she added.