Global Jet Capital has closed its BJETS 2024-1 asset based securitisation (ABS), raising approximately $575 million. BJETS 2024-1 is Global Jet Capital’s seventh ABS, bringing total assets securitised to approximately $5.1 billion and bonds issued to approximately $4.2 billion. The BJETS 2024-1 offering contained three tranches of notes: a $459.9 million Class A tranche, priced with a 6.20% coupon and 185 basis point (bps) spread, a $73.0 million Class B tranche, priced at 6.92% and 260bps spread, and a $42.0 million Class C tranche priced with a 9.13% coupon and 475bps spread. S&P Global Ratings and Kroll Bond Rating Agency

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In