Singapore Aircraft Leasing Enterprise lines up second bond issue

The Singapore aircraft leasing company is set to issue S$200 million in five and seven-year bonds.

Singapore Aircraft Leasing Enterprise SALE, the entity that leases airplanes to airlines worldwide, is set to launch its second bond deal with a S$200 million $110 million offering. United Overseas Bank Asia UOB and Keppel TatLee Bank have been mandated as co-leads for the transaction.

An official at UOB said that pricing for the deal would be set on Friday or early next week.

Proceeds from the deal will be used in the purchase of a new Boeing 777-200ER plane, which costs around $480 million. SALE will then use leasing revenues for the redemption of the bonds.

The transaction is being split up into two tranches one with a maturity of five...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222