GTLK offers 'more juice' on seven year amid Covid-19 chaos

Adobe_airplane_230x150_12Feb2020
By Mariam Meskin
03 Mar 2020

GTLK Europe, an aircraft and ship lessor, was offering a healthy new issue premium for a benchmark seven year bond in dollars on Tuesday, with the Covid-19 outbreak still casting a shadow over global financial markets.

The Ireland-based subsidiary of the Russian state-owned State Transport Leasing Co (STLC) was marketing a senior unsecured deal in Reg S format.

It received final price guidance of 4.70% plus or minus 5bp for the seven year offering, according to a source close to the deal. The orderbook exceeded ...

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