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Published on 4/26/2023 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

New Issue: BOC Aviation (USA) sells $500 million 4 7/8% notes due 2033

By Marisa Wong and Cristal Cody

Los Angeles, April 26 – BOC Aviation (USA) Corp. priced $500 million of 4 7/8% notes due May 3, 2033 at Treasuries plus 160 basis points on Tuesday, according to a market source.

Initial price talk was in the Treasuries plus 195 bps area.

BOC, Citi, DBS, HSBC and JPMorgan are the bookrunners.

Parent company BOC Aviation Ltd. is a global aircraft leasing company based in Singapore.

Issuer:BOC Aviation (USA) Corp.
Amount:$500 million
Issue:Notes
Maturity:May 3, 2033
Bookrunners:BOC, Citi, DBS, HSBC and JPMorgan
Coupon:4 7/8%
Spread:Treasuries plus 160 bps
Pricing date:April 25
Initial price talk:Treasuries plus 195 bps area

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