Published on 10/29/2014 in the Prospect News Emerging Markets Daily.
New Issue: Singapore’s BOC Aviation prices RMB 1.5 billion notes due 2018 at par to yield 4.2%
By Christine Van Dusen
Atlanta, Oct. 29 – BOC Aviation Pte. Ltd. sold RMB 1.5 billion four-year notes (expected ratings: /BBB-/A-) at par to yield 4.2% on Wednesday, a market source said.
BOC International and HSBC were the bookrunners for the Regulation S deal.
The Singapore-based aircraft leasing company is wholly owned by Bank of China.
| Issuer: | BOC Aviation Pte. Ltd.
|
| Amount: | RMB 1.5 billion
|
| Maturity: | Nov. 5, 2018
|
| Description: | Senior notes
|
| Bookrunners: | BOC International, HSBC
|
| Coupon: | 4.2%
|
| Price: | Par
|
| Yield: | 4.2%
|
| Trade date: | Oct. 29
|
| Settlement date: | Nov. 5
|
| Expected ratings: | Standard & Poor’s: BBB-
|
| Fitch: A-
|
| Distribution: | Regulation S
|
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