Hot on the heels of American Airlines tightly-priced EETC issued while in bankruptcy, merger partner US Airways has beaten AA’s pricing by a slight margin on the A notes. Yesterday US Airways priced two tranches of enhanced equipment trust certificates (EETC) – US Airways Series 2013-1 – worth $$819,613,000, which priced at a record low. The $620.095 million Class A certificates, with an expected final maturity of 12.6 years and average life of 8.5 years, with ratings of Ba1/BBB/A- expected, carry a coupon of 3.950%. The $199.518 million B notes, with a final maturity of 8.6 years and average life
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.