FedEx prices $250.1m bond

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20 January 2012

The pass through notes will refinance a previously issued EETC, which financed nine freighters.

Federal Express (FedEx) has priced $250.1 million pass-through certificates at 2.625% today. The bond, which matures in 2018, refinances a three-tranche equipment enhanced trust certificate (EETC) issued in 1997.

Deutsche Bank is sole bookrunner.

Davis Polk & Wardwell represented FedEx,...

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