BOC Aviation priced a private placement of S$145 million 10-year fixed rate senior unsecured notes on 4 May 2015.
The transaction, arranged by HSBC, was issued off BOC Aviation’s US$5 billion Global Medium Term Note Program. The sale of the Notes is expected to close on 11 May 2015, subject to satisfaction of customary closing conditions.
The Notes were priced at par and will bear a fixed interest coupon of 3.93% per annum with interest payable semi-annually in arrears. BOC Aviation will apply the net proceeds to fund capital expenditure, refinance existing borrowings or for general corporate purposes.