Nov 1 (Reuters) - Virgin Australia Holdings Ltd VAH.AX mentioned on Friday it had accomplished the
Nov 1 (Reuters) – Virgin Australia Holdings Ltd VAH.AX mentioned on Friday it had accomplished the bookbuild for its home notes supply, and had raised the difficulty measurement to A$325 million ($223.99 million) from A$150 million, citing robust help from buyers.
The supply, together with a $425 million providing final week, are to fund the airline’s purchase again of 35% of its Velocity frequent flyer program from private-equity group Affinity Fairness Companions, for A$700 million.
The Australian greenback supply is scheduled to open on Nov. 5, Virgin mentioned in a press release. It set the rate of interest for the notes at 8% every year.
($1 = 1.4510 Australian {dollars})
(Reporting by Ambar Warrick in Bengaluru Enhancing by Chris Reese)
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