Mark Wadsworth: Debt for equity swap of the week

The deal, believed to be the biggest of its kind, is expected to help stabilise some debt markets by setting a floor for prices for securities that are often hard to value. The bank said in a regulatory filing that the offer covered 27 …

American Airlines to sell $520M in debt (UPI)

FORT WORTH, Texas, June 30 (UPI) — American Airlines intends to sell $520 million in secured debt backed by 20 new planes appraised at $1.1 billion, a U.S. regulatory filing said.