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133.50    0.50 (0.37%)
Bid:
133.50
Ask:
137.50
Spread: 4.00 (2.996%)
Market Cap: £80.00m
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

CALL INFO & SLIDES:

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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
2nd Nov 20227:13 amRNSTender Extension and Total Consideration Pricing
19th Oct 20228:58 amRNSTENDER OFFER FOR NOTES
19th Oct 20227:00 amRNSSTAFF SHARE WARRANTS AMENDMENT
30th Sep 20227:00 amRNSDirector/PDMR Shareholding
29th Sep 20227:00 amRNSUNAUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2022
26th Sep 20227:00 amRNSFINANCIAL YEAR 22 RESULTS AND INVESTOR UPDATE CALL
15th Sep 20224:41 pmRNSSecond Price Monitoring Extn
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30th Jun 202210:05 amRNSWAREHOUSE FACILITY EXTENSION
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23rd Jun 202212:02 pmRNSNEW HEAD OF TECHNICAL
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6th Jun 20227:00 amRNSCAPITAL LEASE AVIATION – INTERIM DIVIDEND
6th Jun 20227:00 amRNSAIRBUS A320 LEASE EXTENSION
20th May 20227:00 amRNSSUSTAINABLE FUEL DECARBONISATION GROWTH STRATEGY
13th May 20228:07 amRNSSENIOR NOTES EXTENSION - WARRANTS LISTING UPDATE
12th May 20227:00 amRNSSALE OF AIRCRAFT
10th May 20227:00 amRNSSENIOR NOTES – ALL CASH INTEREST ELECTION
4th May 20229:31 amRNSAIRLINE PAYMENT PLAN AGREEMENT
3rd May 20227:00 amRNSVIRGIN AUSTRALIA CLAIMS UPDATE
7th Apr 20227:00 amRNSNEW PERSONNEL
15th Mar 20227:00 amRNSSENIOR NOTES MATURITY EXTENSION - WARRANTS LISTING
4th Mar 20229:46 amRNSRESPONSE TO ANALYSTS QUESTIONS
3rd Mar 20227:00 amRNSHalf-year Report
28th Feb 20227:54 amRNSNOTICE OF RESULTS AND INVESTOR UPDATE CALL
19th Jan 20227:00 amRNSTRADING UPDATE
5th Jan 20228:58 amRNSMajor Shareholder Holding(s) in Company
4th Jan 20227:00 amRNSAgreement
1st Dec 202110:51 amRNSAGM RESULTS
1st Dec 20217:20 amRNSAGM Statement
26th Nov 202110:38 amRNSHolding(s) in Company
16th Nov 20217:00 amRNSSALE OF THREE ATR 72-600 AIRCRAFT
11th Nov 20217:00 amRNSSALE OF AIRBUS A321
8th Nov 20217:00 amRNSNOTICE OF ANNUAL GENERAL MEETING
29th Oct 202110:01 amRNSRESPONSE TO MEDIA SPECULATION
27th Oct 20217:09 amRNSPUBLICATION OF ESG REPORT AND AUDITED FINANCIALS
19th Oct 20218:17 amRNSSALE OF ONE AIRBUS A220 AIRCRAFT
12th Oct 20217:00 amRNSEX VIRGIN ATR DELIVERED TO AIRLINE
30th Sep 20212:45 pmRNSRESPONSE TO ANALYST QUESTIONS FROM INVESTOR CALL
30th Sep 20217:00 amRNSFINANCIAL RESULTS FOR THE YEAR ENDED JUNE 2021
27th Sep 20217:00 amRNSFINANCIAL YEAR 21 RESULTS AND INVESTOR UPDATE CALL

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