Carlyle Aviation prices AASET 2021-2

Carlyle Aviation has priced its second asset-backed securitisation (ABS) transaction this year, AASET 2021-1. The $619.661 million deals comprises: $541.224 million, A and A1-rated A notes, with an initial loan-to-value ratio (LTV) of 69%, a weighted average life (WAL) of 5.5 years, with a 2.80% coupon, and 145bps spread to US Treasuries; and $78.437 million Baa2 and BBB-rated B notes, with a 5.5 WAL and 79 LTV, with a 3.54% coupon and 220bps spread. The notes are secured on a portfolio of 15 aircraft on leases to seven lessees in six countries. Once all of the aircraft have been delivered