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United prices $700 million bond

12 January 2010

United Airlines prices senior secured notes in line with expectations.

Read more: United Airlines bond Japan JP Morgan Goldman Sachs Morgan Stanley Citi Credit Suisse Barclays Capital

United Airlines priced a $700 million bond backed by its routes to Japan today. The three-year bond was split into two tranches with a $500 million senior tranche pricing with a 9.875% coupon. A secondary $200 million tranche was added this morning and has a 12.0% coupon....


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“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

Kostya Zolotusky, managing director, capital markets, Boeing Capital, says about the price of export credit.

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