Avolon Closes Asset Backed Securitisation

Aircraft leasing group Avolon has announced the closing of the $636m Asset Backed Securitisation for Emerald Aviation Finance. On September 26, 2013 Avolon announced that Emerald, a newly established special purpose company, had priced a total of $636m of Fixed Rate Asset Backed Notes. The net proceeds of the Issue are being used to acquire 20 aircraft from Avolon.

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