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A Member of Bank of China Group

Press Release

BOC Aviation Announces Private Placement of S$145 Million 10-Year Fixed Rate Senior Unsecured Notes

05 May 2015

NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA

This announcement does not constitute or form a part of an offer for sale of securities, nor a solicitation to purchase or subscribe for securities in the United States or any other jurisdiction. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state of the United States and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons absent registration or an exemption from registration under the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus or an offering circular that may be obtained from the issuer that will contain detailed information about the issuer and its management, as well as financial statements. Nothing in this announcement shall constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer or sale would be unlawful. 


BOC Aviation Pte. Ltd. ("BOC Aviation") priced a private placement of S$145 million 10-year fixed rate senior unsecured notes (the “Notes”) on 4 May 2015.

The transaction, arranged by The Hongkong and Shanghai Banking Corporation Limited (HSBC), was issued off BOC Aviation’s US$5 billion Global Medium Term Note Program. The sale of the Notes is expected to close on 11 May 2015, subject to satisfaction of customary closing conditions.

The Notes were priced at par and will bear a fixed interest coupon of 3.93% per annum with interest payable semi-annually in arrears. BOC Aviation will apply the net proceeds to fund capital expenditure, refinance existing borrowings or for general corporate purposes.

BOC Aviation is a leading global aircraft leasing company with a portfolio of 251 owned and managed aircraft operated by 60 airlines worldwide in 30 countries, with commitments to acquire 196 aircraft, as of 31 March 2015. BOC Aviation 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 based in Singapore with offices in Dublin, London, Seattle and Tianjin.

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For more information, please contact:
Claire LEOW
Tel: +65 6325 9638
Claire.leow@bocaviation.com
www.bocaviation.com