Updated: SMBC Aviation Capital closes $1bn bond offering

SMBC Aviation Capital Finance has closed a $1bn senior unsecured notes offering. The notes, due 2033, priced with a 5.700% coupon and at US Treasuries plus 195 basis points – were offered at 99.661% of par. This is the first time SMBC Aviation Capital has issued a ten-year bond and is the company’s second bond placement this year following the five-year senior unsecured notes in May. The company states that this latest transaction underlines investor appetite for exposure to the business and further strengthens the company’s strong financial position. SMBC Nikko, Citi, Credit Agricole-CIB, Goldman Sachs, JPMorgan and RBC Capital