RYANAIR CLOSES FIRST EURO-DENOMINATED EXIMBOND

Ryanair has closed its inaugural Euro currency, floating rate Eximbond via King International Leasing. The €155, 745 million bond, which priced on July 12 at three-month EURIBOR + 70 basis points. The bond matures on January 20, 2023. Bookrunners on the deal were Credit Agricole-Corporate Investment Bank and Goldman Sachs. Ryanair intends to use the proceeds to refinance a portion of the purchase price of the beneficial interest in eight Boeing 737-800 aircraft that delivered in February and March this year. Jose Abramovici, global head aviation group & rail finance at Credit Agricole – CIB says: “We are pleased with