Investors clamour for AerCap paper

Anyone looking at the huge success of AerCap’s latest funding round would be forgiven for suggesting that the recovery from the pandemic crisis was well underway. The Dublin-based aircraft leasing company attracted orders from more than 400 investors well in excess of $75bn over the past two days for its long-term unsecured funding – more than three and half times oversubscribed. AerCap offered a $21bn funding package comprised of: $1.75bn 1.15% senior notes due 2023, $3.25bn 1.65% senior notes due 2024, $1bn 1.75% senior notes due 2024, $3.75bn 2.45% senior notes due 2026, $3.75bn 3.00% senior notes due 2028, $4bn 3.30%