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Bond Market News
Embraer’s Dollar Bonds Rally on Securing $7bn Order from Flexjet
February 6, 2025
Embraer’s bonds rose by 0.5-1 point across the curve, after the company secured a deal to supply Flexjet with up to 212 jets, valued at about $7bn. The agreement includes 182 firm orders and options for 30 more aircrafts, marking the largest order for Embraer’s executive jets. The deal involves Praetor 600, Praetor 500, and Phenom 300E jets, along with services and support. The order from Flexjet comes as a major boost for the Brazilian company, which had already been riding on tailwinds due to strong demand for its commercial and military aircrafts. Analysts at JP Morgan expect that the deal will boost Embraer’s total backlog by 26%, to $28.7bn, with deliveries expected over the next five years.
Its 5.4% 2027s bond jumped by 0.7 points to 101.26, yielding 4.73%.
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