Air Baltic Bonds Slump After Airline’s Debt-for-Equity Swap Plan

AI Summary

Air Baltic's bonds plunged into distressed levels after the Latvian airline announced a debt-for-equity swap plan as part of its restructuring efforts to improve financial stability.

Bonds issued by Air Baltic Corp slumped further into deeply distressed levels after the ailing Latvian airline announced plans to swap much of its debt for equity as part of a restructuring plan.