DVB marketing global aircraft ABS deal
DVB Bank’s London Branch is marketing its first securitization, a $667m ABS backed by 20 aircraft leases to 13 airlines in 12 countries. The deal is the latest in a string of aircraft ABS issuance that is expected to jumpstart secondary trading in the esoteric asset class.
The new issuance, AIM Aviation Finance Limited Series 2015-1, is structurally similar to a $380.5m transaction, Eagle 1 Limited Series 2014-1, which Jetscape Aviation Group closed at the end of last year, Kroll said in a presale released on Thursday, January 29.Market participants told GlobalCapital ...
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