Virgin in $US732.6m bond issue

The bonds have a coupon rate of 5.5% over around 6.5 years debt will be backed by the airline's fleet of 24 Boeing aircraft

Virgin Australia Holdings (VAH) has successfully priced $US732.6 million in bonds to international investors, with the debt backed by its fleet of 24 Boeing aircraft.

The bonds, which are called enhanced equipment notes, are to be issued across the three classes of Boeing aircraft, with a weighted average coupon rate of 5.5% over the expected life of the three classes, which is around 6.5 years.

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