Chicago, Jan. 18 – BOC Aviation (USA) Corp. issued $500 million of 5% notes due 2029 (A-/A-), according to an offering document.
The notes are guaranteed by BOC Aviation Ltd.
Pricing came at 98.913.
BOCI Asia Ltd., Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd., HSBC Ltd. and Westpac Banking Corp. worked as bookrunners.
Proceeds will be used to fund new capital expenditures, general corporate purposes and/or to refinance existing borrowings.
The Regulation S listing is in Singapore.
BOC Aviation is a global aircraft leasing company based in Singapore.
| Issuer: | BOC Aviation (USA) Corp.
|
| Guarantor: | BOC Aviation Ltd.
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| Amount: | $500 million
|
| Issue: | Guaranteed senior notes
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| Maturity: | Jan. 17, 2029
|
| Bookrunners: | BOCI Asia Ltd., Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd., HSBC Ltd. and Westpac Banking Corp.
|
| Co-manager: | United Overseas Bank Ltd.
|
| Coupon: | 5%
|
| Price: | 98.913
|
| Call features: | At par starting Dec. 17, 2028
|
| Trade date: | Jan. 9
|
| Settlement date: | Jan. 17
|
| Ratings: | S&P: A-
|
| Fitch: A-
|
| Distribution: | Regulation S
|
| ISIN: | XS2740254177
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