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Avelis completes $650M bond issuance
Avelis, a jet leasing and financing company owned by the Saudi Public Investment Fund, announced the pricing of an unsecured bond issuance worth $650 million with an interest rate of 5.5%, maturing in 2031. The offering garnered strong demand, with subscriptions exceeding five times the amount offered. It received credit ratings of Baa2 from Moody's and BBB from Fitch. The company intends to use the proceeds to bolster its strategy and achieve its goal of becoming one of the largest aircraft leasing companies worldwide by 2030.
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