BOC Aviation has priced a private placement of US$50 million of 10 year senior unsecured fixed rate notes (the “Notes”). The transaction, arranged by HSBC, was issued off BOC Aviation’s US$2 billion Euro Medium Term Note Programme (“EMTN Programme”) established in September last year. The sale of the Notes is expected to close on 6 February 2013, subject to satisfaction of customary closing conditions.

The Notes were priced at par and will bear a fixed interest coupon of 4.3% per annum with interest payable semi-annually in arrear. BOC Aviation will utilise the proceeds for funding of its new capital expenditure and refinancing of existing borrowings.

Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation, said, “We are very pleased to close our first 10 year senior unsecured notes issued to a new institutional investor, just four months after the launch of our EMTN Programme. We have now raised a total of US$550 million under the EMTN Programme and are progressing well with our aim of tapping the debt capital markets to fund our growth.”

BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 200 owned and managed aircraft operated by airlines worldwide and another 100 aircraft on firm order. The Company has one of the youngest fleets in the industry with an average owned aircraft age of less than four years.

BOC Aviation is 100% owned by Bank of China, one of the largest banks in the world. BOC Aviation will be celebrating its 20th anniversary this year.