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Published on 11/3/2023 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

New Issue: BOC Aviation (USA) prices $500 million 5¾% notes due 2028

By Marisa Wong and Cristal Cody

Los Angeles, Nov. 3 – BOC Aviation (USA) Corp. priced $500 million of 5¾% category 2 senior notes due Nov. 9, 2028 at Treasuries plus 130 basis points, according to a market source.

Initial price talk was in the Treasuries plus 155 bps area.

BOC, Citi, Goldman Sachs and HSBC are bookrunners for the Rule 144A and Regulation S offering.

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

Issuer:BOC Aviation (USA) Corp.
Amount:$500 million
Issue:Category 2 senior notes
Maturity:Nov. 9, 2028
Bookrunners:BOC, Citi, Goldman Sachs and HSBC
Coupon:5¾%
Spread:Treasuries plus 130 bps
Pricing date:Nov. 2
Distribution:Rule 144A and Regulation S
Initial price talk:Treasuries plus 155 bps area

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