Virgin Australia debuts $732m EETC

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Virgin Australia launched a $732.6 million enhanced equipment tranche certificate (EETC) offering last night, marking the first aviation capital markets deal from Australia, according to Mark Little, vice-president of investment banking at Goldman Sachs.

Crédit Agricole and Natixis Finance participated in the financing, said Little speaking at today's International Society of Aircraft Trading conference in Barcelona today.

The deal is expected to price today, he says.

Goldman Sachs, which acted as structuring agent and bookrunner on the financing, notes a quarter of EETC investors are now from outside of the USA, compared with a pure US investor base just four years ago.