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134.00    -0.50 (-0.37%)
Bid:
134.00
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Spread: 1.00 (0.746%)
Market Cap: £80.24m
AVAP Live PriceLast checked at - London Stock Exchange

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NEW BOND ISSUE – GMTN PROGRAMME

21 Oct 2025 13:57

RNS Number : 2579E
Avation PLC
21 October 2025
 

 Via RNS and SGXNET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, EXCEPT TO "QUALIFIED INSTITUTIONAL BUYERS" ("QIBs") IN RELIANCE ON RULE 144A ("RULE 144A") UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR IN OR INTO ANY OTHER JURISDICTION IF SUCH AN ACTION IS PROHIBITED BY APPLICABLE LAW.

 

AVATION PLC

("Avation" or "the Company")

 

NEW BOND ISSUE - GMTN PROGRAMME

This announcement is not an offer to sell or a solicitation of any offer to buy the securities of Avation Group (S) Pte. Ltd. or Avation PLC (the "Securities") in the United States, European Economic Area (including the United Kingdom), Japan, Hong Kong, Luxembourg, Singapore, or in any other jurisdiction where such offer or sale would be unlawful.

The Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state of the United States. Consequently, the Securities may not be offered, sold or otherwise transferred within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of the Securities is being or will be made in the United States.

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that further to its announcement today regarding the establishment of a new US$1,000,000,000 Global Medium Term Note Programme ("GMTN Programme"), it is proposing the issue of notes under the GMTN Programme as follows:

Issuer

Avation Group (S) Pte. Ltd.

Guarantor

Avation PLC

Face Amount

$300 million

Security

Senior Notes due 2031

Structure

5.5NC2 (1st call @ Par + 50% of coupon)

Minimum Denoms

$200,000 x $1,000

Distribution

144A / Reg S for Life

Initial Price Talk (IPT)

Low-Mid 8%s

Business Description

Avation PLC (LSE: AVAP, "Avation" or the "Company") is an aircraft leasing group managing a fleet of 33 commercial aircraft, including turboprop, widebody and narrowbody styles. Avation leases its fleet to 16 airline customers in 14 countries across Europe and Asia

Use Of Proceeds

To refinance its existing Senior Notes due 2026 and pay transaction related fees and expenses

Settlement

T+10

Joint Lead Managers

WFS (B&D) / HSBC

Managers

Deutsche Bank / MUFG / Crédit Agricole CIB / Zeus Capital / Imperial Capital / Pareto Securities

Timing

Pricing Thursday, October 23rd

Investor Call

Today, October 21, at 11:00 AM ET

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Global Dial-In Numbers

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* * *

FCA / ICMA stabilization applies.

This announcement is not an offer to sell or a solicitation of any offer to buy the securities of Avation Group (S) Pte. Ltd. or Avation PLC (the "Securities") in the United States, European Economic Area (including the United Kingdom), Japan, Hong Kong, Luxembourg, Singapore, or in any other jurisdiction where such offer or sale would be unlawful.

The Securities have not been and will not be registered under the Securities Act, or the laws of any state of the United States. Consequently, the Securities may not be offered, sold or otherwise transferred within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of the Securities is being or will be made in the United States.

This communication is being distributed to and is only directed only at (i) persons who are outside the United Kingdom; (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); (iii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; and (iv) other persons to whom it may lawfully be communicated (all such persons in (i), (ii), (iii) and (iv) above together being referred to as "relevant persons"). Any invitation, offer or agreement to subscribe for, purchase or otherwise acquire securities will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.

In any member state of the European Economic Area, this communication is only addressed to and is only directed at qualified investors in such member state within the meaning of the Prospectus Regulation EU 2017/1129 (the "Prospectus Regulation"), and no person that is not a qualified investor may act or rely on this communication or any of its contents. In the United Kingdom, this communication is only addressed to and is only directed at qualified investors within the meaning of the Prospectus Regulation as it forms part of domestic law, and no person that is not a qualified investor may act or rely on this communication or any of its contents.

 

-ENDS-

Enquiries:

Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077

Avation welcomes shareholder questions and comments and advises the email address is: investor@avation.net

Notes to Editors: Avation PLC is a commercial passenger aircraft leasing company, headquartered in Singapore, owning and managing a fleet of widebody, narrowbody jet and turboprop aircraft which it leases to airlines across the world. The Company's customers include 16 airlines in 14 countries. Avation's fleet of aircraft is currently fully leased and utilised. The Company is listed on the London Stock Exchange with ticker AVAP.L, more information on Avation is available at www.avation.net.

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IODPKDBPBBDDQKB
Date   Source Headline
7th Jan 202011:49 amGNWForm 8.3 - Avation Plc
7th Jan 202011:45 amRNSForm 8.5 - Avation Plc
6th Jan 202011:20 amRNSForm 8.3 - Avation plc
6th Jan 20209:55 amRNSForm 8.3 - Avation plc
6th Jan 20209:45 amRNSFLEET METRICS
6th Jan 20207:00 amRNSStrategic Review and Formal Sale Process
31st Dec 201912:38 pmRNSTWO ADDITIONAL AIRCRAFT
20th Dec 20198:06 amRNSTransaction in Own Shares
19th Dec 20197:00 amRNSFIRST AIRCRAFT FINANCED WITH A GREEN LOAN
12th Dec 20197:00 amRNSLEASE OF ATR 72 AIRCRAFT - CREDIT RATING UPGRADE
9th Dec 201910:23 amRNSGRANT OF WARRANTS
21st Nov 201910:15 amRNSResult of AGM
21st Nov 20197:06 amRNSAGM Statement
14th Nov 20197:13 amRNSGREEN FLEET WITH LOW CARBON EMISSIONS
8th Nov 20197:00 amRNSTransaction in Own Shares
30th Oct 201910:13 amRNSNOTICE OF AGM
23rd Oct 20194:16 pmRNSTransaction in Own Shares
22nd Oct 20195:02 pmRNSHolding(s) in Company
22nd Oct 20195:01 pmRNSHolding(s) in Company
17th Oct 20197:20 amRNSTRANSACTION IN OWN SHARES AND TOTAL VOTING RIGHTS
10th Oct 20197:00 amRNSTRANSACTION IN OWN SHARES AND TOTAL VOTING RIGHTS
7th Oct 20197:00 amRNSTransaction in Own Shares
4th Oct 20197:00 amRNSREPOSITIONING OF THOMAS COOK AIRCRAFT
2nd Oct 20199:50 amRNSCREDIT RATING UPGRADED TO BB- BY S&P
30th Sep 20197:00 amRNSPublication of Annual Report
27th Sep 201910:32 amRNSADMISSION OF NEW ORDINARY SHARES
23rd Sep 201911:18 amRNSAIRCRAFT REPOSSESSION AND REMARKETING
23rd Sep 20197:00 amRNSISSUE OF EQUITY ON EXERCISE OF WARRANTS
23rd Sep 20197:00 amRNSATR 72-600 AIRCRAFT DELIVERY
18th Sep 20197:00 amRNSAgreement
17th Sep 20192:35 pmRNSHolding(s) in Company
12th Sep 201910:05 amRNSDividend Declaration
6th Sep 20197:00 amRNSTransaction in Own Shares
5th Sep 20197:00 amRNSUNAUDITED FINANCIAL RESULTS FOR YEAR ENDED 30 JUNE
2nd Sep 20197:00 amRNS2019 RESULTS AND INVESTOR UPDATE CALL
21st Aug 20199:37 amRNSNEW ATR 72-600 DELIVERY
22nd Jul 20197:00 amRNSTransaction in Own Shares
1st Jul 20197:00 amRNSTRADING STATEMENT
17th Jun 20198:05 amRNSGE Aviation and Avation Asset Transfer System
29th May 20197:00 amRNSATR CEBU COMMERCIAL FINANCING
24th May 201911:41 amRNSBOEING 737-800 NG ACQUISITION
24th May 20199:59 amRNSATR 72-600 DELIVERY TO CEBU PACIFIC
16th May 20199:38 amRNSSIXTH AIRBUS A220-300 DELIVERY TO AIRBALTIC
13th May 20197:00 amRNSATR 72-600 SALE AND LEASEBACK TRANSACTION
7th May 20197:00 amRNSTransaction in Own Shares
3rd May 20197:00 amRNSAIRFINANCE JOURNAL AWARD
2nd May 20191:35 pmRNSRENEWAL OF SINGAPORE TAX INCENTIVE
29th Apr 20197:00 amRNSFIFTH AIRBUS A220-300 DELIVERY TO AIRBALTIC
1st Apr 20197:00 amRNSFOURTH AIRBUS A220-300 DELIVERY TO AIRBALTIC
28th Mar 20198:15 amRNSBOEING 737-800 NG ACQUISITION

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