As Sole Bookrunner, BNP Paribas has successfully closed a US$155.55 million Ex-Im Prefunded Bond for Cargolux. The transaction also featured a 12-year stretched overall amortisation repayment (SOAR) loan arranged by Crédit Agricole-CIB. The bond was oversubscribed that allowed Cargolux to achieve a competitive coupon of 1.736% (Mid-Swap+49bp) through the vehicle VCH Lease. It is the first Prefunded US Ex-Im Bank guaranteed bond for Cargolux and the very first time an Ex-Im Bond is combined with a non-US issuer SPV and a SOAR Loan. Cargolux, based in Luxembourg, is Europe’s leading all-cargo airline with a modern and efficient fleet
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.