BNP Paribas, KGS Alpha and Apple Bank led an Eximbond for Lion Air

Dino D'Amore
By Dino D'Amore November 8, 2013 12:52

BNP Paribas, KGS Alpha and Apple Bank led an Eximbond for Lion Air

Altitude Investments 14 LLC – a special purpose lessor for Lion Air – successfully announced and priced a $80,676,000 Ex-Im Bank guaranteed transaction at 2.530%

This is the 4th Ex-Im Bank guaranteed bond issuance by the Lion Air Group since their inaugural issuance in Apr. 2012 which have all been lead managed by BNP Paribas, and their 2nd issuance through Altitude Investments 14 LLC

The orderbook was oversubscribed. The bond priced at MS + 63 bps, the lowest level since August 2013.

This is BNP Paribas’ 29th lead managed role of the 95 Ex-Im Bank guaranteed bond deals since 2009 and the banks 8th lead managed role for an Asian airline (the 16th of its kind in Asia).

Dino D'Amore
By Dino D'Amore November 8, 2013 12:52
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