BOC Aviation announces private placement of offshore RMB250m Five-Year Fixed Rate Senior Unsecured Notes

BOC Aviation has priced a private placement of offshore RMB250 million five-year fixed rate senior unsecured notes. The transaction, arranged by DBS Bank, was issued off BOC Aviation’s US$5 billion Euro Medium Term Note Programme. The sale of the Notes is expected to close on 5 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