LATAM Airlines Group issued a $133 million bond guaranteed by the UK's Exports Credit Guaranteed Department (ECGD) last month to refinance four Airbus A320 aircraft that delivered between September and December in 2012.
The Latin carrier issued the bond through a vehicle, Carpintero Finance. The 12-year bond was priced at par with a 2.518% coupon and market swaps plus 100 basis points.
BNP Paribas and Santander were book runners and underwriters.
The four A320s under LATAM's deal include MSNs 5316, 5342, 5345 and 5408.
The deal is the second bond LATAM has issued this year for Airbus aircraft.
In April, the carrier tapped the market with a ECGD -guaranteed bond refinancing four new Airbus A320s. The $137.7 million transaction priced at 2.004%, equivalent to market swaps plus 90 basis points.
Last year, the carrier, formed by a merger of Chile's LAN and Brazil's TAM, was the biggest issuer of US Export-Import (Ex-Im) Bank-guaranteed bonds with an estimated $1.8 billion worth of deals, according to data compiled by Flightglobal.