Exchange Income Corporation has announced an offering of convertible, unsecured, subordinated debentures at a price of C$1,000 ($772.73) each to raise C$60m ($46.36m).

Expected to close in the first week of June, the transaction also offers underwriters an over-allotment option to purchase additional debentures worth C$9m ($6.95m).

Exchange Income is a Canadian company focused on aviation services and equipment, as well as manufacturing businesses.

Underwriters for the offering include National Bank Financial, Laurentian Bank Securities and CIBC World Markets.

"Turkish Airlines is considering acquiring Croatia Airlines to capitalise on demands for air services between Turkey and Croatia."

Turkish Airlines is considering acquiring Croatia Airlines to capitalise on demands for air services between Turkey and Croatia.

The company recently launched direct flights between Istanbul, Turkey and Dubrovnik, Croatia.

Air Serbia has expanded its code-share partnership with Air Berlin PLC & Co. Luftverkehrs KG (airberlin), Germany’s second largest airline, to offer its passengers one-stop air links to five major cities in the US.

The Priceline Group, an online travel and related services provider, has announced an offering of senior notes due in 2026 to raise $1bn.

Priced at 99.807% of the principal amount, the notes will bear an interest rate of 3.60% a year.

Cravath, Swaine & Moore LLP is the legal adviser for the offering, while Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities are co-managers.