Lessor BOC Aviation will raise $50 million in a private placement of 10-year senior unsecured fixed rate notes with a private institution.
The notes will bear a fixed coupon rate of 4.3% per annum with interest payable half-yearly. The sale of the notes is expected to be completed by 6 February.
BOC says that the funds raised will be used to fund new capital expenditure and refinance existing borrowings.
The raising is part of BOC's $2 billion Euro Medium Term Note (EMTN) programme, which was launched in September last year.
"We have now raised a total of $550 million under the EMTN programme and are progressing well with our aim of tapping the debt capital markets to fund our growth," says chief executive Robert Martin.