SMBC Aviation Capital closes $500 million senior unsecured bond offering

SMBC Aviation Capital’s wholly-owned subsidiary, SMBC Aviation Capital Finance DAC, has closed the sale of $500 million principal amount of 1.900%, five-year senior unsecured notes due October 2026. The notes are fully and unconditionally guaranteed by SMBC Aviation Capital. This bond placement – priced at US Treasuries plus 93 basis points – represents SMBC Aviation Capital’s tightest spread achieved to date reflecting the fact that its bonds currently trade the tightest in the sector. This deal follows the company’s seven-year, $500m bond issuance in June 2021. Eithne Manning, Acting Chief Financial Officer, SMBC Aviation Capital, said: “This further bond issuance