Editorial Comment

Delta out with new bond; HNA to spin off Gategroup amid rumours of lease defaults

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Delta out with new bond; HNA to spin off Gategroup amid rumours of lease defaults

Delta Air Lines is in the market with a $450 million three-year unsecured notes issuance. The notes, which are rated Baa3, BB+, BBB- by Moody’s / S&P / Fitch, priced at 2.600% and are offered at 99.937% to par. The yield to maturity is 2.622% with a spread to US Treasuries plus 78 basis points...

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