Coface backs first ATR aircraft bond

In:

Transport

Region:

Asia-Pacific, Europe

Hesham Zakai

Managing Director

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Singapore based aircraft lessor, Transportation Partners, has issued a $143.7 million bond guaranteed by French export credit agency (ECA) Coface to refinance 10 ATR turboprop aircraft. The 10-year, floating-rate, bond represents the first Coface-backed bond for an ATR aircraft, as well as the first Coface bond to be privately placed