Politics
Atlanta Airport Taps Munis for $1.1 Billion as Sector Sales Lag
Key Points
Atlanta Airport Taps Munis for $1.1 Billion as Sector Sales Lag The world’s busiest airport is coming to market with a more than $1 billion municipal bond sale, boosting issuance in the lagging airport sector. Atlanta’s borrowing will help finance infrastructure improvements at the Hartsfield-Jackson Atlanta International Airport, a cornerstone hub for Delta Air Lines, Inc. The city plans to issue about $699 million of bonds subject to the alternative-minimum tax, and roughly $391 million of...
Atlanta Airport Taps Munis for $1.1 Billion as Sector Sales Lag
The world’s busiest airport is coming to market with a more than $1 billion municipal bond sale, boosting issuance in the lagging airport sector.
Atlanta’s borrowing will help finance infrastructure improvements at the Hartsfield-Jackson Atlanta International Airport, a cornerstone hub for Delta Air Lines, Inc. The city plans to issue about $699 million of bonds subject to the alternative-minimum tax, and roughly $391 million of non-AMT bonds, according to bond documents.