Credit Agricole and Goldman Sachs lead the first 100% prefunded bond

Victoria
By Victoria August 6, 2012 15:01

Credit Agricole and Goldman Sachs lead the first 100% prefunded bond

LATAM has priced a $287m 100% prefunded 12-year Eximbond with a coupon set at 1.829%, which is MS+67 bps (equivalent to L+34 bps). Credit Agricole and Goldman Sachs are joint structuring agent and joint book runners. This is the first 100% prefunded bond, which will fund the as yet undelivered two 777-300ER. The aircraft will be delivered on or around August 28, 2012 and September 17, 2012. This is the lowest spread since 2010.

Victoria
By Victoria August 6, 2012 15:01
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