BOC Aviation swoops into bond market for $750m

By Morgan Davis
27 May 2020

BOC Aviation leveraged on its ties to its Chinese state-owned parent and its own standalone credentials to raise $750m on Tuesday. It proved that it has access to bond market liquidity at a time when companies focused on aircraft leasing have been hit by the Covid-19 pandemic.

Tuesday’s transaction was the —/A-/A- rated borrower’s second dollar bond sale since the Covid-19 pandemic broke out globally, and its third in 2020.

Many travel-linked companies have been hurt by the pandemic, but Singapore-based BOC Aviation has held strong. The company is focused on aircraft leasing, ...

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