Aviator

Doric Aviation Bonds I – Prospectus Publication and Syndication Start

London/Offenbach am Main – The prospectus for the “Doric Aviation Bonds I” was approved for publication by the Commission de Surveillance du Secteur Financier of Luxembourg on 17th February 2012, marking the start of the syndication phase of the bonds. The securities will be issued by Doric Capital SA, a Luxembourg based company, and are expected to be listed on the Luxembourg Stock Exchange in June 2012.

The issue of the bonds will raise up to EUR 65 million which will be used to partly finance the purchase of an Airbus A380 by a Guernsey based aircraft investment company, Futurus Limited. The aircraft is expected to deliver in March 2013, at which time Futurus Limited will enter into a long term lease of the aircraft to Emirates, the flag carrier of Dubai.

The “Doric Aviation Bonds I” bear interest at 9% per annum payable quarterly in arrears.

Doric Select (a Doric Group company) acts as investment advisor and placement coordinator. Doric Asset Finance has been appointed as asset manager of the aircraft by Futurus Limited.

This structure opens up new investor markets for aircraft financing. In addition to facilitating the participation of retail investors residing in Austria, Germany, Luxembourg and Switzerland, the bonds are also structured so as to fulfil the reporting and transparency requirements of institutional investors in many jurisdictions.