Citi and Credendo close $328 million deal to finance IndiGo’s 8 Airbus jets

American investment bank Citigroup and Belgian export credit agency Credendo, a European credit insurer, have completed a $328 million financing deal for eight Airbus aircraft for India's budget carrier IndiGo, marking two milestones in global aviation finance.The transaction is the world’s first-ever Credendo-insured aviation financing and the first export credit agency (ECA)-backed aircraft financing through GIFT City’s International Financial Services Centre (IFSC) leasing structure, Citigroup said in a statement on Tuesday.The financing covers six Airbus A321 and two A320. Citi…