ACG returns to Japanese market for Ex-Im financing

This story is sourced from

Aviation Capital Group (ACG) has returned to the Japanese banking market for the financing of its latest US Export Import Bank financing, which has been referred to US Congress for review.

If approved, Bank of Tokyo Mitsubishi will step up funds for the 12-year financing, which covers unidentified Boeing aircraft with CFM International engines, according to Ex-Im.

Last year, ACG turned to a consortium of Japanese banks to complete the private placement of a ¥6.8 billion ($88 million) unsecured loan in Japan. The deal was a follow-on issuance to the $500 million Singapore multi-currency medium term note programme established by ACG in September 2011.