SMBC Aviation Capital closes $650 million senior unsecured bond offering

SMBC Aviation Capital, via subsidiary SMBC Aviation Capital Finance DAC, has closed the sale of $650 5.450%, five-year senior unsecured notes due May 2028. The notes, which are fully and unconditionally guaranteed by SMBC Aviation Capital, priced at US Treasuries plus 200 basis points. Goldman Sachs, Citi, Credit Agricole-CIB, JPMorgan, RBC Capital Markets and SMBC Nikko were joint bookrunners. This is SMBC Aviation Capital’s first bond issuance since October 2021 and first bond issuance since the acquisition of Goshawk in December 2022. It is the company’s 7th successful bond offering following its debut capital markets issuance in July 2016 and the