Correction

January 31, 2000, 12:00 a.m. EST 1 Min Read

Salomon Smith Barney is a co-manager (with Morgan Stanley Dean Witter and Deutsche Bank Alex. Brown) on the Atlas Air EETC $217 million private placement offering mentioned in last week's ASR (1/24/00). Additionally, the Class-A bonds of that transaction, rated A2/AA-minus, have a 13.5-year weighted average life (WAL) and a final maturity of 20 years, with a coupon of 8.717% and a spread of 195 basis points over Treasurys. The Class-B bonds, rated Baa2/A-minus, have a 9-year WAL and a final maturity of 16 years, with a coupon of 9.057% and a spread of 230 over. The Class-C bonds, rated Ba2/BBB-minus, have a four-year average life and a 11-year final maturity, with a 9.702% coupon; it priced at a spread of 310 over.

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