Global Jet Capital completes second ABS

Global Jet Capital has closed its BJETS 2018-2 asset backed securitisation (ABS), raising approximately $674 million.  BJETS 2018-2, is the second ABS offering that Global Jet Capital has closed in the last four months, bringing total assets securitised to over $1.5 billion. BJETS 2018-2 contains three tranches of notes: a $550 million Class A tranche, rated A by Kroll; a $82 million Class B tranche, rated BBB by Kroll; and a $41 million Class C tranche, rated BB by Kroll.  The transaction, which was in the market for less than a week, was oversubscribed by more than two times, attracting