New Issue: Gate Capital Cayman sells $112.23 million 2.637% notes due 2021 at par

By Christine Van Dusen

Atlanta, Aug. 20 - Gate Capital Cayman Two Ltd. priced $112.23 million 2.637% guaranteed secured notes due Dec. 2, 2021 at par to yield mid-swaps plus 73 basis points, a market source said.

Citigroup was the bookrunner for the deal, which was upsized from $74.675 million and includes a make-whole call at 20 bps.

The notes are guaranteed by the Export-Import Bank of the United States and sponsored by Dubai Aerospace Enterprises.

Other details on the issuer were not available Friday.

Issuer:	Gate Capital Cayman Two Ltd.
Amount:	$112,227,000, increase from $74,675,000
Maturity:	Dec. 2, 2021
Description:	Guaranteed secured notes
Bookrunner:	Citigroup
Coupon:	2.637%
Price:	Par
Yield:	2.637%
Spread:	Mid-swaps plus 73 bps
Call features:	Make-whole call at 20 bps
Trade date:	Aug. 19
Settlement date:	Aug. 30

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