BOC Aviationn successfully priced a US$150m re-opening of the existing US$350m 4.375% Senior Unsecured Notes due May 2023 (the “Notes”), to tap into unfilled investor demand. The re-opened issuance was more than six times subscribed with orders exceeding US$900m. Carrying the same coupon rate of 4.375% per annum and the same maturity date of 2 May 2023 as the existing bonds, the additional US$150m in new Notes were priced to yield 4.265% p.a. with a spread of 263 basis points p.a. over 10-year Treasury notes, with interest payable semi-annually in arrears. Following the re-opening , the new total deal size for the Notes will be US$500m. The additional Notes were arranged by BOC International and HSBC as joint bookrunners. Settlement will be 10 May 2013, subject to the satisfaction of customary closing conditions.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada