Ryanair priced a $194.3 million Ex-Im Bank prefunded guaranteed bond last week. The transaction was over 3x oversubscribed. The bond priced at a spread of mid-swaps + 65 bps (12.11 year final / 6.44 year WAL) for a coupon of 1.741% – the lowest spread for an Ex-Im bond YTD. The use of proceeds will be to finance seven new Boeing 737-8 aircraft scheduled for delivery from September through December. Issuer: Portmarnock Leasing LLC Security Description: Secured Notes guaranteed by Export-Import Bank of the United States, an agency of the United States of America Guarantee: Payment of 100% of all

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In