According to Jiuqi Financial News, BOC Aviation Limited (BOC Aviation Limited, “BOC Aviation Leasing” for short, 02588.HK, Fitch: A- Stable, S&P: A- Stable) plans to issue additional BOCAVI 1 5/8 04/29/24. (IPG)
The terms are as follows:
Issuer: BOC Aviation (USA) Corporation
Guarantor: Bank of China Aviation Leasing Co., Ltd.
Guarantor Rating: Fitch: A- Stable, S&P: A- Stable
Issuance Rating: A-/A- (Fitch/S&P)
Issuance: Fixed-rate, high-grade unsecured US dollar notes, part of the $15 billion global medium-term note program
Issuance rules: 144A/Reg S
Current notes: BOCAVI 1 5/8 04/29/24, $750 million, coupon rate 1.625%, note due April 29, 2024 (144A ISIN: US66980P2A66; Reg S ISIN: US66980P2A66)
Provisional ISIN: Reg S: US66980Q2B22
Additional issuance scale: US dollar benchmark size
Initial guide price: CT3+155 bps region
Delivery date: 2021/5/12
Accrued interest: Interest accrued from April 29, 2021 to delivery date (not included)
Due date: April 29, 2024
Interchangeability: 144A is immediately interchangeable with existing notes; Reg S is interchangeable with existing notes after the 40-day issuance compliance period ends
Issuer's right to redeem: 1 month before the expiration date can be redeemed at the face price
Use of funds: new capital expenditure, general corporate use, and/or refinancing of existing loans
Other terms: Listed on the Singapore Exchange; minimum face value/increment is $200,000 /$1,000; English law applies
Joint bookkeepers: Bank of China International, BNP Paribas, Citigroup, HSBC (B&D), J.P. Morgan Chase