Avolon has priced a $1bn fixed five-year senior unsecured bond offering priced at US Treasuries at +143 basis points with a coupon of 5.750%. Initial pricing talk (IPT) was set at +170 basis points, with guidance at +143bps. The paper was rated at BBB- by both Fitch and S&P, with Baa3 from Moody’s. Proceeds from the bond will be used for general corporate purposes and may include future repayments of its indebtedness. The jumbo bond’s bookrunners were Deutsche Bank, Fifth Third Bancorp (FTB), Mizuho, MUFG, and SocGen. The offering is expected to close sometime around May 15, 2024.

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