Deucalion is in the market with a $282 million asset backed securitisation (ABS) secured on a portfolio of 21 aircraft – five A319s, nine A320-200s, four 737-800s, two 737-900ERs, one A330-200 and one A330-300. Stellar Jay 2021-1 is offered in three tranches: $216million A-rated A notes, which have an initial loan-to-value (LTV) ratio of 57.9%; $39 million BBB-rated B class notes with a 68.4% initial LTV; and $27 million B-rated C notes with a 75.6% initial LTV. Deucalion Aviation is the servicer and Avenue Capital Group is listed as the sponsor. Morgan Stanley is the sole structuring agent and joint

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