AerCap closes $500 million inaugural sukuk bond

AerCap has completed its inaugural sukuk issuance of $500 million 4.500% with a five-year maturity period on October 3, 2024. The Sharia-compliant bond was issued by subsidiary AerCap Sukuk. The company intends to use the net proceeds from the issuance for general corporate purposes, including to acquire, invest in, finance or refinance aircraft assets and to repay indebtedness. Arab Banking Corporation acted as arranger and joint lead manager. Dubai Islamic Bank, Emirates NBD Bank, HSBC Bank, JP Morgan Securities, and KFH Capital Investment Company acted as joint lead managers and Warba Bank acted as co-lead manager. International Lease Finance Corporation