Aviation Capital Group breaks Eximbond record; Stephen Hannahs names successor

Aviation Capital Group (ACG) has broken an Eximbond pricing record through its entity called Santa Rosa Leasing LLC, a wholly owned subsidiary of ACG, this week. Just a few days after Ryanair priced the lowest recorded pre-funded Eximbond, ACG, in a $119m deal, priced an Eximbond at 61bps over mid-life swaps, which is equal to a fixed rate of 1.693%, at a weighted average life of 6.16 years (8/15/2024 Maturity). This is equivalent to Libor +29 bps. The transaction was priced at par. The transaction was 4.7 times oversubscribed. The deal is fixed against three 737-800s. Two are leased to