Avolon has closed $620m of fixed rate notes for its Sapphire 2020-1 platform which the lessor said in a statement was priced at the lowest debt yield of any aircraft ABS issuance over the last decade Avolon said in a statement on February 20 that Sapphire Aviation II and Sapphire Aviation Finance II (collectively SAPA 2020-1) newly established special purpose companies, had closed a total of $620 million of fixed rate notes. The issue is comprised of three series, with series A valued at $490 million, 3.228% , series issued at a 3.250% yield, series B worth $86 million of 4.335%
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