PIF’s Avilease starts marketing 5-year dollar-denominated bonds

Logo of Jet-leasing company Avilease

Avilease, the aircraft leasing company owned by the Public Investment Fund (PIF), began marketing an upcoming five-year, US dollar-denominated bond issuance, Reuters reported.

The initial guidance price for the benchmark-sized issuance was set at 140 basis points above US Treasuries, the report said, citing a banking document. The bond’s pricing is expected to be announced later today, Nov. 5.

The aircraft lessor tapped Abu Dhabi Commercial Bank, BNP Paribas, First Abu Dhabi Bank, HSBC, and Mizuho Financial Group as active bookrunners and lead managers.

Citigroup and Mitsubishi UFJ were appointed as joint global coordinators, the report said.