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United Net a Small Sum for Its Parts.
- Source :
-
Wall Street Journal - Eastern Edition . 6/30/2009, Vol. 253 Issue 151, pC10. 0p. 1 Graph. - Publication Year :
- 2009
-
Abstract
- This article reports on the bond offering launched by UAL Corp., the parent company of United Airlines. UAL had priced on June 29, 2009 a $175 million new, three-year debt that is collateralized by spare parts. The bond offering carries a coupon of 12.75% and sold at about 10% discount to par. The bond offering also has a yield maturity of 17%. In contrast, US Airways Group has issued $60 million of new stock only to see its capitalization actually decline.
- Subjects :
- *CORPORATE finance
*CORPORATE bonds
*BOND market
*CAPITAL market
*FINANCE
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 253
- Issue :
- 151
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 43403048