RCL sells more

Cruise Weekly - - News -

ROYAL Caribbean Cruises (RCL) re­cently sold US$2 bil­lion of bonds to boost its liq­uid­ity.

It was Royal Caribbean’s sec­ond out­ing in the credit mar­ket in less than a month (CW 15 May) as its seeks cash while the COVID-19 pan­demic keeps its ships docked.

The three-year bonds sold at par with a coupon of 9.125%, sig­nif­i­cantly lower than where it priced sim­i­lar debt last month, and are linked to a group of seven ships.

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