Philis(PIF) finalizes $650M bond sale
Avilis, a subsidiary of the Public Investment Fund, has announced the pricing of an unsecured bond issuance worth $650 million at an interest rate of 5.5%, with maturity in 2031, amid strong global demand exceeding 5.3 times the offering size. The company intends to use the proceeds for general purposes. This move marks a significant step in developing the company's debt instruments platform, with plans to purchase 77 Airbus aircraft by 2033 to support its ambitions of becoming one of the world's largest aircraft leasing companies by 2030.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)