GE prices second bond at 3.547%

Sydney
Source: Flightglobal.com
This story is sourced from Flightglobal.com

General Electric Capital Corp's second US Export Import Bank (Ex-Im) bond financing priced yesterday with a coupon of 3.547%.

Premier Aircraft Leasing is offering the $188.2 million in secured notes due in 2022. The deal is sponsored by GE Capital Aviation Funding, a unit of General Electric Capital, and guaranteed by Ex-Im.

According to a banker involved in the financing, the offering "went well."

Proceeds will be used to refinance two Boeing 767-300ER and two Boeing 737-800 aircraft.