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US-based Merx Aviation’s $506.5 million asset-backed securitisation (ABS) through two special purpose companies has priced at 4.212% a coupon on the A tranche. The yield is 4.25%.
The $55 million Class B priced at 5.193% a coupon with a yield of 5.25%.
The $36.5 million Class C notes priced at 6.413% with a yield of 6.5% but the C notes will not be offered at this time. Merx Aviation Finance Assets Ireland Limited intends to retain the full balance of the C notes at closing.
Earlier this week US-based...