Elix’s Debut ABS Prices

The first all-turboprop asset-backed securitisation (ABS) has priced, FlightGlobal understands.

Elix Aviation Capital’s $411 million Prop 2017-1, a three-tranche deal, attracted investors from the USA, Europe and Asia, including banks and insurers.

The $300 million A tranche priced at 5.375%, and the $57 million B tranche at 7.25%, says a source close to the deal. The $54 million C tranche priced at 9.75%.

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