U.S. airports from coast to coast are refinancing billions of dollars of old debt to take advantage of historically low interest rates and attract yield-hungry investors to gain financial breathing room in their coronavirus-hit budgets. Brian Battle, director of trading at Performance Trust Capital Partners in Chicago, said investors willing to take the risk that major airports like O'Hare will recover are grabbing the heftier yields. "It's a great way to pick up yield in a world where there isn't any for a measured risk," he said.
NEWS & COMMENTARY
NATIONAL POST: U.S. airports seek fiscal band-aid from coronavirus with bond refundings
September 23, 2020