February 3, 2015

BOC Aviation announces private placement of offshore RMB250m five-year fixed rate senior unsecured notes

BOC Aviation has priced a private placement of offshore RMB250m five-year fixed rate senior unsecured notes. The transaction, arranged by DBS Bank, was issued off BOC Aviation’s US$5bn Euro Medium Term Note Programme. The sale of the Notes is expected to close on February 2015, subject to satisfaction of customary closing conditions. The Notes were priced at par and will bear a fixed interest coupon of 4.7% per annum with interest payable semi-annually in arrears. BOC Aviation will apply the net proceeds to fund its new capital expenditure, for general corporate purposes and/or refinancing existing borrowings. The Notes will be listed on the SGX-ST. BOC Aviation is a leading Asia-based global aircraft leasing company with a portfolio of 246 owned and managed aircraft operated by 58 airlines worldwide, with commitments to acquire 199 aircraft, as of September 30th, 2014. The Company has one of the youngest fleets in the industry with an average owned aircraft age of less than four years.



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