Qantas AirwaysÆ $385 million equivalent 12-year aircraft financing was launched into general syndication last week via sole mandated lead arranger and bookrunner Bank of China Hong Kong.
The margin of the dual-currency facility is 75bp over Libor or BBSY and has a commitment fee of 30bp. The amortising credit features an average life of roughly 7.5 years.
Banks are welcome to come in at three levels. Lead arrangers committing $30 million or above get an upfront fee of 52.5bp, lead managers lending $20 million to $29 million gain 37.5bp, and managers giving $10 million to $19 million take 22.5bp.
Proceeds will be used to purchase two A380 and one A330 Airbus aircraft....