DVB is in the market with a $722.5 million asset backed securitisation (ABS) transaction, KDAC Aviation Finance, which comprises three tranches of notes secured on a portfolio of 36 aircraft on lease to 30 lessees located in 24 countries. The $565 million A notes, rated A by Kroll Bond Rating Agency, have an initial LTV of 65.0%; the $95.5 million B notes, rated BBB, have an initial LTV of 76.0%; while the $62 million C notes with an LTB of 823.2% are rated BB-. The A and B notes amortize on a 12-year straight-line schedule for the first four years
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