Lion Air issues Ex-Im backed bond with record low coupon
There has been a flurry of Ex-Im financing in recent weeks, with Lion Air issuing asset backed Ex-Im guaranteed bonds worth $138 million with a record low coupon of under two per cent, a first for an Asian carrier, and Avolon and GOL securing Ex-Im loan guarantees. There has also been good news this month for struggling Indian carriers as the Indian Government builds on its plans to open up to $1 billion in external commercial borrowing lines (ECBs).
Vol. 2 Issue 9 of Aviation Finance