GOL Ex-Im bond prices at 2.15%

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

Brazilian carrier GOL Linhas Aereas Inteligentes' first US Export-Import Bank (Ex-Im)-guaranteed bond issuance priced at 2.15%.

The pricing is equivalent to mid-swaps plus 50 basis points (bps), or Libor plus 19 bps, according to Crédit Agricole Corporate & Investment Bank.

The $32.78 million pre-funded bond, called GOP I Aircraft Turst, matures in June 2025. It refinances a new Boeing 737-800 delivery.

Crédit Agricole Corporate & Investment Bank and Goldman Sachs are joint bookrunners and joint structuring agents in the transaction.