HARD TIMES?

What happened to market uncertainty? You would never guess we have fallen on hard times by looking at lessor bond activity. ALC has raised $750m in three-year money at .7%. The deal marks "ALC’s lowest coupon ever and by far," the lessor tells Airfinance Journal. The move follows a string of lessors that have issued debt at low interest rates, highlighting investor confidence in the sector despite fresh lockdowns.