BOC Ups Capital Markets Exposure

Aircraft lessor BOC Aviation has raised the limit of a medium-term note programme to $5 billion from $2 billion. Its Euro Medium Term Note Programme was established in September 2012 to fund new capital expenditure, general corporate purposes and to refinance existing borrowings. The lessor has raised more than $1.4 billion under the programme so far. “Debt capital markets financing accounted for 19 per cent of our drawn funding as at the end of 2013, compared to five per cent in June 2012,’’ said Phang Thim Fatt, CFO of BOC Aviation.

TAGS: Asia
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