American Airlines is one of three borrowers-bsp-bb-link> in the US high-yield bond market Friday as the window for new debt sales remains open-bsp-bb-link>. In investment grade, Bayer’s $5.75 billion sale headlined-bsp-bb-link> a $8.15 billion docket Thursday, pushing weekly volume-bsp-bb-link> to the low end of estimates.
- The spread on the Markit CDX North American Investment Grade Index, which falls as credit risk decreases, opened-rte-company> about a half basis point tighter to trade at about 64.8 basis points as of 7:23 a.m. New York time
- American Airlines is selling-bsp-bb-link> $750 million of five-year notes to redeem its outstanding 11.75% 2025 bonds …