BNP Paribas is Sole Arranger and Bookrunner of a US Ex-Im Bank Guaranteed Prefunded Bond issued to finance one B747-8F delivered on 26 September 2013 to Cargolux.
On 23 September 2013, BNP Paribas, as Sole Arranger and Bookrunner, successfully closed a US$ 156.91 million US Ex-Im Bank Guaranteed Prefunded Bond for Cargolux.
The bond was oversubscribed which allowed Cargolux to achieve a competitive coupon of 2.817% (m/s: 70bps) through the vehicle VCI Lease.
It is the second US Ex-Im Bank Guaranteed Prefunded Bond for Cargolux after the first one in May 2013, also arranged by BNP Paribas.
Cargolux, based in Luxembourg, is Europe’s largest all-cargo airline and launch customer for the new generation Boeing 747-8 freighter. The airline currently operates a modern fleet of 9 Boeing 747-8 freighters and 10 Boeing 747-400 freighters.