Copying and distributing are prohibited without permission of the publisher
Leahy calls for more ECA bonds
24 October 2011
Airbus' chief operating officer, customers, wants the European export credit agencies to help fund more new deliveries in the capital markets as bank liquidity shrinks.
Read more:
Airbus
ECA bonds
When AerCap issued the first European export credit agency-backed bond last year, it was expected that similar deals would follow.
AerCap closed two dollar-denominated ECA bonds in 2010, raising about $225 million to finance three A330s. The UK's Export Credits Guarantee Department (ECGD) guaranteed the deal, while Credit Agricole-CIB and Goldman Sachs were bookrunners. Read more here.
But export credit pricing became far more competitive towards the end of 2010 and early 2011, which meant that...
Take a free website trial to view this article. It's easy to get a trial - just follow this link or email sbains@euromoneyplc.com.
Alternatively, if you're already a subscriber or have a trial, simply log in below to read the article.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
