BOC Aviation: Probably The Best In Class. But Will UK SFO's Latest Probe Into Airbus Spoil The Mood?

Award-winning Financial Journalist

Ashish Saxena

Equity Capital Markets

<a href="https://www.smartkarma.com/entities/22689" target="_blank" data-smartkarma-citation="entities:22689">BOC Aviation</a> has successfully raised US$ 750 mln under its US$ 5 bln Global Medium Term Notes program.Bearing a fixed interest @ 3.875% pa, the notes are unsecured and due for maturity in 2026.An interest rate of 3.875% is slightly above its weighted average cost of 3.7% on borrowings from bonds mentioned in <a href="https://www.smartkarma.com/insights/boc-aviation-lower-for-longer-on-rates-and-oil-couldn-t-pick-a-better-time-to-list" target="_blank" data-smartkarma-citation="insights:3318">BOC Aviation Pre-IPO-Review - Great Track Record but Needs a Few Clarifications</a> by <a href="https://www.smartkarma.com/profiles/4" target="_blank" data-smartkarma-citation="accounts:4">Sumeet Singh</a>.According to the <a href="http://infopub.sgx.com/FileOpen/BOCAviationPricesUSD750Millionof3.875pctSeniorUnsecured10YearBonds.ashx?App=Announcement&amp;FileID=400039" target="_blank">press release</a>, the notes issue was oversubscribed more than 4 times, with…

BOC Aviation has successfully raised US$ 750 mln under its US$ 5 bln Global Medium Term Notes program.Bearing a fixed interest @ 3.875% pa, the notes are unsecured and due for maturity in 2026.An interest rate of 3.875% is slightly above its weighted average cost of 3.7% on borrowings from bonds mentioned in BOC Aviation Pre-IPO-Review - Great Track Record but Needs a Few Clarifications by Sumeet Singh.According to the press release, the notes issue was oversubscribed more than 4 times, with…

BOC Aviation Raises US$ 750 Mln in Unsecured Notes. Issue Oversubscribed More than 4x.