Press Release

SALE Launches S$80 Million Bond Issue

05 May 2005

Singapore Aircraft Leasing Enterprise (SALE) is launching a new S$80 million two-year fixed rate bond issue in the Singapore market. The issue will be managed jointly by Citibank and United Overseas Bank and is expected to close this month. Proceeds from the issue will be used for working capital, including the initial pre-delivery payments for the company's recently announced order for up to 40 Boeing 737-800 aircraft.

The new bond issue is the second offering under a US$100 million multi-currency medium-term note (MTN) programme launched in September 2004. The initial S$80 million issue attracted a wide range of institutional investors and closed oversubscribed.

SALE is the leading Asia-based aircraft leasing company, with a portfolio currently comprising 63 modern aircraft flying with 29 airlines worldwide. Since it first began business in 1993, the company has raised US$4 billion in funding, primarily for aircraft acquisitions.

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For further information, please contact:
Sean LEE
Tel: +65 6325 9557
Mobile: +65 9619 6549
[email protected]