Indonesia's Lion Group has returned to the US Export-Import Bank bond market to fund two Boeing 737-900ER (MSNs 38736, 38737) that were delivered new to Malindo Airways, say banking sources.
BNP Paribas and KGS Alpha, an affiliate of Apple Bank, structured the $81 million bond deal through a Delaware-based special purpose company, working closely with Transportation Partners, based in Singapore, sources indicate.
The deal was “oversubscribed” and priced at mid-swaps plus 63 basis points, say sources.
This is the third time the Indonesian group has tapped the Ex-Im bond market, following similar deals in 2012 and earlier this year.
The first deal - a $138 million 10-year bond - carried a coupon of 1.92% and financed four new 737-900ER aircraft. The group followed up that deal with another bond financing for four Boeing 737-900ER aircraft in July.