BOC Aviation closed its second bond issuance of 2025 on September 4.
The $500 million bond has a term of 5.5 years. The bond was priced at Treasuries plus 58 basis points with a coupon of 4.25%.
“This landmark issuance, which attracted high-quality investors from across the globe, reflects the strength of our credit profile and the confidence investors have in our long-term strategy,” said BOC Aviation head of treasury Chan Mui Sin.
She added that the margin was the “tightest spread” achieved in the company's history, calling it a “proud moment” for the lessor.
The proceeds of the bond issuance will be used for funding new capital expenditures, general corporate purposes, and potentially to refinance existing borrowings.
DBS Bank acted as bookrunner on the transaction.