Aircastle and Delta issue senior notes and those UAE airline merger rumours

The hot bond markets have attracted two more companies to the market this week with lessor Aircastle issuing $500 million of senior notes and Delta Air Lines has returned to the market with a cool $2bn of three and five-year notes. Aircastle’s $500 million of 4.125% senior notes due 2024, priced at par.  The aircraft leasing company plans to use the net proceeds of the offering for general corporate purposes, which may include the acquisition of aircraft or the refinancing of its existing indebtedness. The offering is expected to close on March 20, 2017. Citigroup Global Markets, BNP Paribas Securities,