Delta markets two-part notes; Bank of Montreal, IADB price notes

By Devika Patel

Knoxville, Tenn., Oct. 21 – Primary activity in the investment-grade bond market was quiet on Monday with Prospect News reporting one deal announced and two deals pricing.

Atlanta-based airline Delta Air Lines Inc. said it will offer notes in two tranches to finance its acquisition of some of Latam Airlines Group SA’s common stock.

The notes feature a make-whole call and then a par call.

Also, Montreal-based bank Bank of Montreal priced $100 million of 2.3% five-year series 198 global notes on Oct. 18 and Washington, D.C.-based Inter-American Development Bank, a development financing provider, sold $100 million more of its 2.5% global notes due Jan. 18, 2023 in a deal that priced on Oct. 16.

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