British Airways, subsidiary of International Airline Group (IAG) has launched a $929 million inaugural Enhanced Equipment Trust Certificates (EETC). Citi is acting as Lead Structuring Agent, Global Coordinator and Lead Bookrunner. Other book runners are: HSBC, Deutsche Bank and Morgan Stanley. Helaba will act as Depositary Bank during the delivery period as well as initial Liquidity Facility Provider. This is the first EETC to incorporate JOLCO tax equity. The $721.610 million Class A Certificates priced at 4.625% and were rated Baa1 by Moody’s, A by Standard & Poor’s and A by Fitch. The tranche has an 11.0-year tenor, 7.9-year weighted
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