BOC Aviation sets guidance for 10yr dollars

23 Apr 2013

The aircraft leaser is taking advantage of favourable credit markets by issuing its first 10 year bond in US dollars on April 24 from its $2bn euro medium-term note programme. Initial guidance has been set at 285bp over Treasuries.

The company, which is 100% owned by Bank of China, will be extending its US dollar yield curve beyond its $500m senior unsecured notes due 2017 which priced at a 2.875% coupon. Those bonds are currently trading at 225bp over Treasuries.

The Reg-S senior unsecured notes are rated ‘BBB-‘ ...

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