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AA to price $726m EETC

27 September 2011

The Class A pass through certificates will be secured by a pool of 43 Boeing aircraft.

Read more: American Airlines (AA) Morgan Stanley Deutsche Bank Goldman Sachs Credit Suisse Citi equipment trust certificate (EETC) Boeing 777-200ER 737-800

American Airlines (AA) has launched an enhanced equipment trust certificate (EETC) worth about $726 million. The Class A notes, which will have a final distribution date of October 15 2021, are secured by a pool of 43 Boeing aircraft with an average of 10 years.

Morgan Stanley and Deutsche Bank are joint structuring agents and bookrunners. Goldman Sachs, Credit Suisse and Citi are also bookrunners. Morgan Stanley...


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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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