DVB is in the market with a $722.5 million asset backed securitisation (ABS) transaction, KDAC Aviation Finance, which comprises three tranches of notes secured on a portfolio of 36 aircraft on lease to 30 lessees located in 24 countries. The $565 million A notes, rated A by Kroll Bond Rating Agency, have an initial LTV of 65.0%; the $95.5 million B notes, rated BBB, have an initial LTV of 76.0%; while the $62 million C notes with an LTB of 823.2% are rated BB-. The A and B notes amortize on a 12-year straight-line schedule for the first four years

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