Today, AviLease closed the market at the London Stock Exchange to celebrate the listing of its inaugural 5-year USD 850 million bond in 144A/Reg S format on the International Securities Market (ISM). The offering in November last year attracted strong global investor demand with more than 3.75 times oversubscription, marking AviLease’s first transaction in the debt capital markets.
AviLease, a wholly owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia, is a global aircraft leasing company with a portfolio of over 200 aircraft on lease to more than 50 airlines across 30 countries. It plays a strategic role in supporting the PIF’s aviation sector objectives under Saudi Arabia’s Vision 2030.
“We are delighted that our debut bond has been listed on the London Stock Exchange ISM. This marks the opening of the unsecured debt capital markets as a new funding channel for AviLease, following the investment grade ratings we obtained from Moody’s and Fitch last year. It is an important new chapter for the company and a major milestone on our way to becoming a top-10 global aircraft lessor.”
Edward O’Byrne