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Continental achieves lowest EETC coupon
09 March 2012
The airline goes to market with a $892 million EETC to fund Boeing Dreamliners and narrowbodies.
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Continental
EETC
787
Boeing
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Continental Airlines has issued an enhanced equipment trust certificate (EETC) worth $892 million, with Class A and Class B notes offered separately. The Class A notes have a 4.15% coupon while the Class B notes carry a 6.25% coupon. This is the lowest ever coupon achieved in a EETC financing for both the Class A and Class B tranches.
Credit Suisse and Morgan Stanley...
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