Colombia's Avianca closes ECA-backed loan

Colombia's Avianca closes ECA-backed loan

Loans Colombia

Colombian airline Avianca has closed a $100m, export credit agency (ECA) backed loan to help it pay for a recently-delivered Boeing 787-8 aircraft. ING Capital structured the transaction and was also the initial lender while UK Export Finance (UKEF) provided the ECA guarantee. Sumitomo Mitsui Finance and Leasing (SMFL) provided equity for the loan. The transaction was structured as a Japanese operating lease that comes with a call option, ING said in an emailed statement. The Dutch bank also sai

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial