New heights: Irish aircraft lessor SMBC Aviation Capital has raised $1 billion in a record bond issue for the company. Photograph: iStockAircraft lessor SMBC Aviation Capital has borrowed $1 billion in a record bond issue for the Irish company.
The Dublin-based, Japanese-owned, group said on Wednesday that a subsidiary, SMBC Aviation Capital Finance DAC, has closed the sale of $1 billion in senior unsecured notes, due for repayment in 10 years, with an interest rate of 5.7 per cent. SMBC combines debt with its own cash to buy aircraft from manufacturer, which it leases to airlines around the world, using the rent paid to fund its business and repay debt.
Thursday’s bond issue was SMBC’s largest ever and was the eighth time it has successfully tapped capital markets for cash in this way since first doing so in 2016.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Irish drivers have spent nearly €1bn on road tolls since 2020EXCLUSIVE: Irish drivers have shelled out nearly €1 billion on road tolls since the start of 2020, according to new figures released to Newstalk. BarryWhyte85
Source: NewstalkFM - 🏆 19. / 55 Read more »
Daniel Wiffen finishes fourth in World Championships 800m finalIrish swimmer smashes his own Irish record and sets a new European record in fast final
Source: IrishTimesSport - 🏆 2. / 99 Read more »
SMBC raises $1 bn in record bond issueIrish aircraft lessor completes second fund raising this year
Source: IrishTimes - 🏆 3. / 98 Read more »
Ryanair share price falls 6% after airline cuts passenger growth forecastEuropean stocks edge higher but Spanish and Irish markets drop
Source: IrishTimesBiz - 🏆 6. / 77 Read more »
Row between US firm and billionaire Safra over €170m case to unfold in Irish courtJacqui Safra, who listed Garinish island in Kerry as his residence on formal documents, is being pursued by MCG California
Source: businessposthq - 🏆 8. / 71 Read more »
Cairns accuses Irish Farmers' Association of 'denying reality' in defence of wildlife activistHolly Cairns has accused the Irish Farmers' Association of 'denying reality' in its approach to climate change. The Social Democrats leader was responding to the sudden departure of prominent activist Pádraic Fogarty from the Irish Wildlife Trust.
Source: thejournal_ie - 🏆 32. / 50 Read more »