International legal practice Allen & Overy advised Iberia on its
prestigious and innovative combined capital markets and bank syndicate
programme for its fleet improvement financing of 20 new Airbus A320 family
The transaction closed December 24, 2004 and included the
capital market issuance of senior tranche US$148,490,000 and €120,300,000
Enhanced Secured Aircraft Notes (Iberbond 2004) which will be supported by
rental streams from Japanese operating leases (JOLs) and finance leases.
The subordinated tranches, totalling approximately US$346,500,000, are
being funded in the bank market.
London based asset finance partner Mario Jacovides co-ordinated an
international aircraft finance team that included partners Barry Biggar
(New York), Iñigo Gomez-Jordana <http://whoswho.intranet.allenovery.com/f_main.asp?emp_no=0253113%20%20%20 and Eduardo Sebastian de Erice
(Madrid), Wolfgang Melzer (Frankfurt) and associates Paul Nelson and
Jamie Wiseman-Clarke (London), Joanna Hancock (New York), Beatriz del Rey
and Luis de Valle (Madrid), Carine Chassol (Paris) and Christian Haslach