Muni Lowdown: American Airlines anomaly
from The Muni Lowdown
American Airlines brought to market a USD 360m deal in tax-exempt airport facility revenue bonds that was oversubscribed from USD 100m at 5.5-5.6% yield, amid the most challenging times for the airline industry in recent memory, to finance a terminal expansion at New York’s John F. Kennedy (JFK) airport. Debtwire Municipals Chuck Stanley discusses the bond sale. Colleges and universities are unlikely to file for bankruptcy anytime soon as a result of the coronavirus (COVID-19) pandemic – if anything, out-of-court restructurings are a far more likely outcome for some institutions, presenters commented during a webinar presented by Orrick and The Bond Buyer. Debtwire's Maria Amante talks about what she heard during the webinar. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact [email protected]
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