New Issue: BOC Aviation sells $750 million 3.875% 10-year notes at 215 bps over Treasuries

By Cristal Cody

Eureka Springs, Ark., April 21 – BOC Aviation Pte Ltd. sold $750 million of 3.875% 10-year senior notes at Treasuries plus 215 basis points, according to a market source.

The notes (/BBB+/A-) priced on the tight side of guidance of 215 bps to 220 bps over Treasuries.

BOC, Citigroup Global Markets Inc., Goldman Sachs & Co., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BNP Paribas Securities Corp. and Wells Fargo Securities, LLC were the lead managers.

Proceeds will be used for capital expenditures and for general corporate purposes.

BOC Aviation is a global aircraft leasing company based in Singapore.

Issuer:	BOC Aviation Pte Ltd.
Amount:	$750 million
Maturity:	April 27, 2026
Securities:	Senior notes
Bookrunners:	BOC, Citigroup Global Markets Inc., Goldman Sachs & Co., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BNP Paribas Securities Corp., Wells Fargo Securities, LLC
Coupon:	3.875%
Spread:	Treasuries plus 215 bps
Trade date:	April 20
Ratings:	Standard & Poor’s: BBB+
	Fitch: A-
Price guidance:	Treasuries plus 215 bps to 220 bps

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