Economy · India
Citi and Credendo Finance IndiGo's Airbus Jet Acquisition
Citi and Credendo have finalized a $328 million financing deal for eight Airbus aircraft intended for IndiGo. The financing specifically covers six Airbus A321 and two A320 jets. Citi served as the sole mandated arranger, ECA coordinator, and sole lender for the transaction, with Credendo providing credit insurance.
How outlets across the spectrum covered it
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- Centre (2): Mint, The Hindu BusinessLine