Press Release

BOC Aviation Announces Private Placement of Offshore RMB250 Million Five-Year Fixed Rate Senior Unsecured Notes

03 Feb 2015

*NOT FOR DISTRIBUTION IN THE UNITED STATES*

BOC Aviation Pte. Ltd. ("BOC Aviation") has priced a private placement of offshore RMB250 million five-year fixed rate senior unsecured notes (the “Notes”).

The transaction, arranged by DBS Bank Ltd., was issued off BOC Aviation’s US$5 billion Euro Medium Term Note Programme. The sale of the Notes is expected to close on 5 February 2015, subject to satisfaction of customary closing conditions.

The Notes were priced at par and will bear a fixed interest coupon of 4.7% per annum with interest payable semi-annually in arrears. BOC Aviation will apply the net proceeds to fund its new capital expenditure, for general corporate purposes and/or refinancing existing borrowings. The Notes will be listed on the SGX-ST.

BOC Aviation is the leading Asia-based global aircraft leasing company with a portfolio of 246 owned and managed aircraft operated by 58 airlines worldwide, with commitments to acquire 199 aircraft, as of 30 September 2014. The Company has one of the youngest fleets in the industry with an average owned aircraft age of less than four years.

BOC Aviation, owned by Bank of China, is headquartered in Singapore with offices in Dublin, London, Seattle and Tianjin.

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For more information, please contact:
Kelly KANG
Tel: +65 6325 9428
[email protected]
www.bocaviation.com

 

Important notice

This announcement does not constitute an offer to buy, or a solicitation of an offer to sell, any Notes and no such offer, solicitation, purchase or sale shall be made in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful.

The Notes have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state of the United States or other jurisdiction and may not be offered, sold, pledged or otherwise transferred within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities law.

This announcement may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the Issuer’s current view on future events.

The value of the Notes, and the income derived from them may fall as well as rise. An investment in the Notes is subject to investment risks, including the possible loss of the principal amount invested. FCA/ICMA Stabilisation applies.

The past performance of BOC Aviation is not necessarily indicative of the future performance of BOC Aviation.