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 2.300%, seven-year senior unsecured notes due June 2028. The notes are fully and unconditionally guaranteed by SMBC Aviation Capital. This bond placement – priced at US Treasury plus 110 basis points – represents the lowest credit spread achieved in a bond issuance by SMBC Aviation Capital. Joint bookrunners are JPMorgan, Citi, Credit Agricole-CIB, Goldman Sachs, RBC and SMBC Nikko. The proceeds from the offering will be used for general corporate purposes which may include, among other things, the purchase of