BOC Aviation has priced a private placement of US$5om of 10 year senior unsecured fixed rate notes. The transaction, arranged by HSBC, was issued off BOC Aviation’s US$2bn 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.