Virgin Australia adds D tranche to its EEN

As indicated in the original prospectus for its US$732.623 million Enhanced Equipment Note (EEN) issuance, Virgin Australia has issued an extra US$64.6 million D tranche. Although this was expected due to the prospectus, the speed of the issuance has surprised the market, which is testament to the strong investor demand for the paper as well as the nimbleness and quick reaction time of the Virgin Atlantic team and the structuring bank, Goldman Sachs. The three-tranche transaction was issued on Sunday night/Monday morning to take advantage of global time zones from Australia to North America, while the strong uptake convinced Virgin