BOC Aviation closes Silver 2019-1 ABS offering

BOC Aviation has closed the offering of its second asset backed securitisation (ABS) deal dubbed Silver 2019-1. The firm has signed an agreement to sell a portfolio of 17 aircraft to Silver Aircraft Lease Investment and affiliates. The firm’s latest ABS offered three tranches of notes, comprises of $443 million of 3.97% Series A notes, rated A by Kroll / Fitch Ratings; $73 million of 4.95% Series B notes, rated BBB by Kroll / Fitch Ratings; and $32 million of 6.9% Series C notes rated BB by Kroll / Fitch Ratings. The notes are backed by the 17 aircraft to