DVB Bank SE’s (DVB) Aviation Investment Management team, in its capacity as investment advisor to the Deucalion Aviation Funds, completed the sale of 20 aircraft valued at approximately US$814m to a special purpose exempted company which, together with another limited liability company subsidiary, co-issued US$667m of Reg. S/Rule 144A DTC eligible notes (the Notes) with the concurrent direct placement of more than 90% of the equity to a new investment partner for DVB. The bond format offering, introduced a number of structural innovations, and is rated by Standard & Poor’s Ratings Services (S&P) and Kroll Bond Rating Agency (KBRA). It was significantly oversubscribed and widely distributed to investors achieving the tightest pricing on an aircraft Asset Backed Securitisation (ABS) transaction since the most recent financial crisis.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada