Ryanair prices $194.3million Ex-Im Bank prefunded guaranteed bond

Victoria
By Victoria September 11, 2012 14:42

Ryanair prices $194.3million Ex-Im Bank prefunded guaranteed bond

Ryanair’s $194.3 million Ex-Im Bank prefunded guaranteed bond priced at a spread of mid-swaps + 65 bps (12.11 year final / 6.44 year WAL) for a coupon of 1.741%, This is the lowest spread for bond guaranteed by the Export-Import Bank of the United States to date. The transaction was over three times oversubscribed.

The proceeds will be used to finance seven new 737-800 aircraft scheduled for delivery from September through December.

Portmarnock Leasing LLC is the issuer of the secured notes.

Bookrunners on the deal were BNP Paribas and Citi.

Victoria
By Victoria September 11, 2012 14:42
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