Ryanair priced a $194.3 million Ex-Im Bank prefunded guaranteed bond last week. The transaction was over 3x oversubscribed. The bond priced at a spread of mid-swaps + 65 bps (12.11 year final / 6.44 year WAL) for a coupon of 1.741% - the lowest spread for an Ex-Im bond YTD. The use of proceeds wi...
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