BOC Aviation is raising HKD450 million ($56 million) with a private placement through its medium-term note programme.

The Singapore-based lessor priced the senior unsecured seven-year bond at 3.6% on 30 January, according to Bloomberg data.

A source familiar with the deal tells FlightGlobal that the debt will be swapped to a US dollar liability.

The transaction will close on 11 February, Bloomberg shows.

Prior to the private placement, BOC Aviation issued a $500 million five-year unsecured bond at 4% in January.

Source: Cirium Dashboard