Bohai Leasing subsidiary Avolon finalizes $850m notes offering

Bohai Leasing (SZSE:000415) announced that its subsidiary, Avolon Holdings Limited, has finalized the pricing of a $850 million senior unsecured notes offering through its subsidiary, Avolon Holdings Funding Limited. The notes, bearing an interest rate of 5.375%, are due in 2030. The proceeds from the offering will be used for general corporate purposes, including the repayment of maturing debt. The issuance is expected to be completed on March 27, 2025. As of the announcement date, Avolon has utilized $5.43 billion of its 2024 loan authorization, and this new offering will be included in the previously approved $10.5 billion loan authorization.