New Issue: Singapore's BOC Aviation sells $500 million 2 7/8% notes due 2017 at 235 bps spread

By Christine Van Dusen

Atlanta, Sept. 27 - Singapore's BOC Aviation sold $500 million 2 7/8% five-year notes (expected ratings: /BBB-/A-) at 99.525 to yield 2.978%, or Treasuries plus 235 basis points, a market source said.

BOCI, Citigroup and HSBC were the bookrunners for the Regulation S notes.

BOC Aviation is a Singapore-based aircraft leasing company.

Issuer:	BOC Aviation
Amount:	$500 million
Maturity:	Oct. 10, 2017
Description:	Senior notes
Bookrunners:	BOCI, Citigroup, HSBC
Coupon:	2 7/8%
Price:	99.525
Yield:	2.978%
Spread:	Treasuries plus 235 bps
Trade date:	Sept. 27
Settlement date:	Oct. 10
Expected ratings:	Standard & Poor's: BBB-
	Fitch: A-
Distribution:	Regulation S

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