New bond issue: BOC Aviation issued international bonds for USD 500.0m maturing in 2022 with a 3% coupon.

May 17, 2017 - Cbonds

 

BOC Aviation issued international bonds for USD 500.0m maturing in 2022 with a 3% coupon. Bonds were sold at a price of 99.471% with an initial yield of 3.13%. Bookrunner: BNP Paribas, Bank of China, Citigroup, DBS Bank, Goldman Sachs, HSBC, Morgan Stanley, Mitsubishi UFJ Financial Group, OCBC, Westpac Banking
Depository: Euroclear Bank, Clearstream Banking S.A..
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Issuer, issue numberBOC Aviation, 3% 23may2022, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount500,000,000
ISINXS1616339336
End of placement05/17/2017
Initial issue price99.471
Yield at pricing3.13
Coupon3%
Coupon frequency2 time(s) per year
Settlement date05/23/2017
Maturity date05/23/2022
Issue ManagersBookrunner: BNP Paribas, Bank of China, Citigroup, DBS Bank, Goldman Sachs, HSBC, Morgan Stanley, Mitsubishi UFJ Financial Group, OCBC, Westpac Banking Depository: Euroclear Bank, Clearstream Banking S.A. Paying agent: BNY Mellon (Hong Kong branch) Issuer Legal Adviser (International law): Freshfields Bruckhaus Deringer Arranger Legal Adviser (Domestic law): Allen & Gledhill Arranger Legal Adviser (International law): Allen & Overy
Trading floorSGX
Issuer: BOC Aviation
Issuer profile:
BOC Aviation is headquartered in Singapore, with regional offices in Dublin, Ireland and Seattle, USA. The Company is 100% owned by Bank of China.
Outstanding issues:
8 issuesUSD3,850,000,000
1 issuesSGD145,000,000
2 issuesAUD350,000,000
4 issuesCNY3,550,000,000