Global Infrastructure SherpaSumitomo Mitsui Banking Corporation advises on first-of-its kind JOLCO transaction for IndiGo in India
Sumitomo Mitsui Banking Corporation acted as debt arranger and lender for a pioneering Japanese Operating Lease with Call Option (JOLCO) transaction for InterGlobe Financial Services IFSC Private Limited, financing two Airbus A320neo family aircraft.
Counterparts (3)
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- SMBC acted as debt arranger and lender.
- Financing for two Airbus A320neo family aircraft.
- First-of-its-kind JOLCO for IndiGo in India.
- Transaction announced 2026-03-06.
Source Intelligence
The deal is a pioneering Japanese Operating Lease with Call Option (JOLCO) transaction, representing the first ever JOLCO structure to be executed in India through GIFT City. Quote: "on a pioneering Japanese Operating Lease with Call Option (JOLCO) transaction" and "represents the first ever JOLCO structure to be executed in India through GIFT City"
"Global law firm Clifford Chance has advised Sumitomo Mitsui Banking Corporation (SMBC)"
"Sumitomo Mitsui Banking Corporation (SMBC), as debt arranger and lender"
"Sumitomo Mitsui Banking Corporation (SMBC), as debt arranger and lender"
"for InterGlobe Financial Services IFSC Private Limited"
"(a wholly owned subsidiary of IndiGo based in GIFT City, India’s international financial services centre for cross‑border financing)"
"with equity arranged by Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL)"
Timeline
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