BOC Aviation has priced A$75 million of 6.5-year fixed rate senior unsecured notes due in 2021. The notes represent an increase over the company’s A$125 million notes issuance priced on 21st August to a final transaction size of A$200 million. The transaction was arranged by Westpac Banking Corporation and issued from BOC Aviation's US$5 billion Euro Medium Term Note Programme.
The additional A$75 million notes will carry the same coupon rate of 5.375% per annum and the same maturity date of 3rd March 2021, and will close on 3rd September 2014, subject to satisfaction of customary closing conditions.
The notes will be listed on the SGX-ST, and will be rated BBB- by Standard & Poor’s Rating Services, and A- by Fitch Ratings.
BOC Aviation increases 6.5-year fixed rate senior unsecured notes issuance to A$200 million
