BOC Aviation Issues Unsecured Notes

Lessor BOC Aviation has priced AUS$125m ($116.6m) in 6.5-year fixed-rate senior unsecured notes.

Lessor BOC Aviation has priced AUS$125m ($116.6m) in 6.5-year fixed-rate senior unsecured notes.

The debt notes will close on September 3 2014 and are due in 2021 at a coupon of 5.38 per cent per annum.

The transaction was arranged by Westpac Banking Corporation and is issued off BOC Aviation’s $5bn Euro Medium-Term Note programme.

BOC Aviation will use the proceeds to fund capital expenditure and to refinance existing loans. Standard & Poor’s has rated the notes BBB-.

TAGS: Europe
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