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.