Cargolux Airlines closes 747-8F prefunded Eximbond

Victoria
By Victoria May 16, 2013 12:46

Cargolux Airlines closes 747-8F prefunded Eximbond

 

As Sole Bookrunner, BNP Paribas has successfully closed a US$155.55 million Ex-Im Prefunded Bond for Cargolux. The transaction also featured a 12-year stretched overall amortisation repayment (SOAR) loan arranged by Crédit Agricole-CIB.

The bond was oversubscribed that allowed Cargolux to achieve a competitive coupon of 1.736% (Mid-Swap+49bp) through the vehicle VCH Lease.

 

It is the first Prefunded US Ex-Im Bank guaranteed bond for Cargolux and the very first time an Ex-Im Bond is combined with a non-US issuer SPV and a SOAR Loan.

Cargolux, based in Luxembourg, is Europe’s leading all-cargo airline with a modern and efficient fleet composed of 8 Boeing 747-8 freighters and 11 Boeing 747-400 freighters.

 

Victoria
By Victoria May 16, 2013 12:46
No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fcargo%2Fcargolux-airlines-closes-747-8f-prefunded-eximbond%2F"> registered </a> users can comment.