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FedEx prices $250.1m bond
20 January 2012
The pass through notes will refinance a previously issued EETC, which financed nine freighters.
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Federal Express (FedEx)
pass-through certificates
equipment enhanced trust certificate (EETC)
Deutsche Bank
Davis Polk & Wardwell
Sherman & Sterling
Federal Express (FedEx) has priced $250.1 million pass-through certificates at 2.625% today. The bond, which matures in 2018, refinances a three-tranche equipment enhanced trust certificate (EETC) issued in 1997.
Deutsche Bank is sole bookrunner.
Davis Polk & Wardwell represented FedEx,...
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