Avolon has closed its Sapphire Aviation Finance I (SAPA 2018-1) asset backed securitisation (ABS). The $633 million 4.250% A notes, rated A by Fitch and by Kroll Bond Rating Agency (KBRA), have a 4.30% yield; $97 million 5.926% B notes, rated BBB by Fitch and KBRA, were issued at a 6.00% yield; an...
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