AVIC International calls Soar Wise’s $200 million 3.425% perpetuals

By William Gullotti

Buffalo, N.Y., Oct. 12 – Shanghai-based AVIC International Leasing Co. issued a redemption notice for all $200 million 3.425% guaranteed perpetual capital notes issued by subsidiary Soar Wise Ltd., according to a notice on Wednesday.

The redemption will occur Nov. 4, and Soar Wise will apply to the Hong Kong Exchange to delist them.

The Regulation S perpetuals were issued by the subsidiary, with the parent as guarantor, under the company’s $3.5 billion guaranteed medium-term note program on Nov. 5, 2020.

The issuer is a lessor of aircraft, ships and heavy equipment.

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