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Published on 4/23/2021 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

New Issue: BOC Aviation prices $750 million 1.625% three-year notes

By Marisa Wong and Cristal Cody

Los Angeles, April 23 – Singapore’s BOC Aviation Ltd. priced $750 million of 1.625% three-year notes (//A-) to yield Treasuries plus 140 basis points, according to a market source.

The notes priced on Thursday and will be issued by BOC Aviation (USA) Corp.

Price talk was in the Treasuries plus 165 bps area, as previously reported.

BOC, BNP Paribas, Citigroup, HSBC and JPMorgan are the bookrunners.

BOC Aviation is a global aircraft leasing company.

Issuer:BOC Aviation (USA) Corp.
Guarantor:BOC Aviation Ltd.
Issue:Notes
Amount:$750 million
Maturity:April 29, 2024
Bookrunners:BOC, BNP Paribas, Citigroup, HSBC and JPMorgan
Coupon:1.625%
Yield:Treasuries plus 140 bps
Pricing date:April 22
Rating:Fitch: A-
Price talk:Treasuries plus 165 bps area

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