Operating lessor Aircastle priced a $78 million bond late last month to finance the delivery of an Airbus A330, according to a financing source.
The Compagnie Française d'Assurance pour le Commerce Extérieur (Coface) guaranteed the transaction, which closed at 3.488% a coupon equivalent to mid-swap spreads plus 120 basis points.
US bank JP Morgan arranged the export credit agency (ECA) guaranteed bond issue, called Air Duke One Funding, says the source.
The first Coface-backed bond closed at 2.43% in February this year and refinanced an Emirates Airline A380 delivery.
JP Morgan arranged the $187 million ECA-backed bond, called Eole Finance SPC, which priced at 2.341% coupon rate equivalent to mid-swap spreads plus 120 basis points.