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134.00    -0.50 (-0.37%)
Bid:
134.00
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135.00
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

Access Code: 891960

* * *

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IODPKDBPBBDDQKB
Date   Source Headline
3rd Mar 20157:00 amRNSUSD24m PDP financing facility
27th Feb 20157:00 amRNSSecond ATR72-600 Delivery to Air India Regional
23rd Feb 20157:00 amRNSNew Client for Four New Aircraft
19th Feb 20157:00 amRNSFINANCIAL RESULTS AND INTERIM MANAGEMENT REPORT
13th Feb 20151:09 pmRNSConditional sale of two ATR72 aircraft
30th Jan 20154:06 pmRNSHolding(s) in Company
29th Jan 20153:30 pmRNSBroker Change
24th Dec 20147:39 amRNSFirst ATR 72 Delivery to Air India Regional
11th Dec 20147:00 amRNSUS$31 refinance and lower cost of debt
11th Dec 20147:00 amRNSUS$31 refinance and lower cost of debt
8th Dec 20143:25 pmRNSDirector's Dealing
1st Dec 201410:40 amRNSHolding(s) in Company
28th Nov 20149:30 amRNSAdmission of New Ordinary Shares and Voting Rights
25th Nov 201411:00 amRNSResult of AGM
20th Nov 20149:34 amRNSShare Exchange and Issue of New Shares
14th Nov 20149:52 amRNSNew Aircraft Leased to New Customer
10th Nov 20142:15 pmRNSHolding(s) in Company
30th Oct 20144:15 pmRNSNotice of AGM
30th Oct 201410:32 amRNSPublication of Annual Report
24th Oct 20148:52 amRNSTwentieth New ATR72 Delivery
20th Oct 20147:02 amRNSTwo New Aircraft Sale & Leaseback with Thomas Cook
20th Oct 20147:00 amRNSChange in group depreciation policy
20th Oct 20147:00 amRNSChange in group depreciation policy
17th Oct 201412:27 pmRNSPublication of Final Audited Results
13th Oct 201410:31 amRNSHolding(s) in Company
6th Oct 20149:44 amRNSAdmission of New Ordinary Shares
30th Sep 20147:00 amRNSCorrection - Holding in the Company
30th Sep 20147:00 amRNSCorrection - Acquisition of shares
26th Sep 20147:00 amRNSHolding in the Company
26th Sep 20147:00 amRNSAcquisition of shares in Capital Lease Aviation
24th Sep 201412:31 pmRNSHolding in the Company
24th Sep 201412:28 pmRNSAcquisition of shares in CLA and Issue of Equity
22nd Sep 20147:00 amRNSPurchase of Minority Holding in CLA
19th Sep 20147:00 amRNSNew Aircraft Delivery in Europe
8th Sep 20147:00 amRNSNew Geography and New Customer for Aircraft
4th Sep 20147:00 amRNSUnaudited Preliminary Financial Results
29th Aug 20147:00 amRNSDate for Release of Results
26th Aug 20147:00 amRNSDelivery of 17th ATR 72 Aircraft
21st Jul 20144:51 pmRNSHolding(s) in Company
15th Jul 20143:44 pmRNSTR-1: Notification of Major Interest in Shares
14th Jul 20147:00 amRNSAppointment of Director
9th Jul 20147:00 amRNSAdmission of New Ordinary Shares
7th Jul 20147:00 amRNSNotifications of Major Interests in Shares
3rd Jul 20147:00 amRNSIssue of Shares & Date for Release of Results
26th Jun 20147:00 amRNSDirector's Dealings
25th Jun 20148:00 amRNSAdmission of New Ordinary Shares
19th Jun 20149:21 amRNSAcquisition of Shares and Issue of Equity
11th Jun 20147:00 amRNSInterim Management Statement & Trading Update
2nd Jun 20147:00 amRNSFinance Facility & Delivery of Fiji Link Aircraft
15th May 20141:35 pmRNSHolding(s) in Company

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