Airline Unsecured Bond Deal of the Year: Delta Air Lines $1.6bn unsecured notes

摘要

Delta Air Lines tapped the capital markets with $1.6 billion unsecured bonds over three series with varying maturities. The $600 million first tranche has a three-year term to 19 April 2021. The notes were priced at 3.4%, representing a 90 basis points (bps) spread to the benchmark Treasury.