American Announces Prices Of Unsecured Notes

American Airlines Group expects to raise $493m in unsecured senior notes after discounts and expenses.

American Airlines Group expects to raise $493m in unsecured senior notes after discounts and expenses.

The airline group has priced $500m of unsecured senior notes, which are due 2020.

The notes will have an interest rate of 4.6 per cent per annum and are being issued at a price equal to 100 per cent of their face value.

The company said it intends to use the net proceeds from the offering for “general corporate purposes”.

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