Dubai Aerospace Entreprise | ABS | 01-17 | $410m | 8x737-800 + 5xA319 + 5xA320 + 3x737-700

Dubai Aerospace Enterprise (DAE) has tapped the capital markets with its first asset-backed securitisation (ABS) transaction. The lessor structured the deal in a three-tranches: $315 million Series A loans with a 63.5% loan-to-value (LTV), coupon 4.581%,  $65 million Series B loans with a 76.6% LTV, coupon 6.3% and $30 million Series C loans with a 82.6% LTV, coupon 8.5%. The loans will be borrowed by Falcon Aerospace and...

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