| Groundbreaking ABS deal: Irish aircraft lessor Avolon raises US$636m through Fixed Rate Asset Backed Notes issued by an SPV to be listed on the Irish Stock Exchange |
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| Avolon Aerospace Leasing Limited, the Dublin based international aircraft lessor, announced that Emerald Aviation Finance Limited (the ’Issuer’), a newly established special purpose company, priced a total of US$636,210,000 of Fixed Rate Asset Backed Notes (the ‘Issue’), the proceeds of which will be used by the Issuer to acquire a fleet of 20 aircraft (the ‘Initial Aircraft’) from Avolon or certain of its affiliates. Avolon said it expects to use the net proceeds of the sale of the Initial aircraft to refinance existing debt. |
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