Southwest Airlines has priced a $500 million unsecured bond issuance. The notes, due November 2029 and rated A3 by Moody’s, BBB+ by S&P and A- by Fitch, are priced at 2.625% coupon and 2.686% yield, and were offered at 99.468% par. The spread to treasuries is +103 basis points. Joint bookrunners are Barclays, Citi and US Bancorp.  Co-managers are Comerica Securities and Drexel Hamilton.

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