BOC Aviation Pte. Ltd. (“BOC Aviation”) has priced A$125 million in 6.5-year fixed rate senior unsecured notes due 2021 (the “Notes”) at a coupon of 5.375% per annum. The Notes will close on 3 September 2014, subject to satisfaction of customary closing conditions.

The transaction, arranged by Westpac Banking Corporation, is issued off BOC Aviation’s US$5 billion Euro Medium Term Note Programme.

The Notes are denominated in Australian Dollars and will bear a fixed interest coupon of 5.375% per annum with interest payable annually in arrears and will pay a yield to investors of 5.421% per annum. BOC Aviation will apply the net proceeds to fund its new capital expenditure, for general corporate purposes and/or refinancing existing borrowings.

The Notes will be listed on the SGX-ST, and will be rated BBB- by Standard & Poor’s Rating Services, and A- by Fitch Ratings.

BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 251 modern aircraft operated by 56 airlines worldwide as at 30 June 2014. The Company, owned by Bank of China, has one of the youngest fleets in the industry with an average owned aircraft age of less than four years.