07:00 Thu 16 Nov 2017
Avation PLC - PRICES U.S. DOLLAR DENOMINATED BOND TAP
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PRICES
Full details of the pricing of the issue are included below in this announcement.
Note to Editors:
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Full text of the tap pricing announcement:
*** AVATION
NOT FOR DISTRIBUTION IN OR INTO
ISSUER:
GUARANTOR:
Series: 001
Tranche: 003
EXISTING NOTES:
STATUS: Senior, unsecured.
GUARANTOR'S RATINGS: BB (Egan Jones); B+ (Fitch); B+ (Standard & Poor's); BB (
RATING OF NOTES: B+ (Fitch); B (Standard & Poor's)
REOPENING ISSUE SIZE:
COUPON: 7.5% semi-annual
MATURITY DATE:
SETTLEMENT DATE:
REOFFER PRICE: 100.83 plus an amount corresponding to accrued interest from, and including
ACCRUED INTEREST: Accrued interest from and including
INTEREST COMMENCEMENT DATE:
FINANCIAL COVENANTS: As prescribed in the Offering Circular
CHANGE OF CONTROL PUT: Putable at 101% of principal plus accrued and unpaid interest
OPTIONAL REDEMPTION: Prior to
On or after
USE OF PROCEEDS: The net proceeds of issuance of Notes under the Programme will be used by the Group for the purchase of certain new aircraft before the end of
PAYMENT: Semi-annual, 30/360 (fixed)
DETAILS:
LISTING: SGX-ST
SOLE BOOKRUNNER:
ISIN CODE: Rule 144A Notes: US05351QAA40
Regulation S Notes: USL5647NAA20
This announcement is for information only and nothing in this announcement constitutes an offer of securities for sale, or a solicitation of an offer to purchase securities, in the United States or any other jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This announcement should not be distributed, directly or indirectly, in or into the United States or in any other jurisdiction in which such distribution is prohibited.
The securities described herein have not been, and will not be, registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons (as defined in Regulation S) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable U.S. state securities laws. Accordingly, the Notes under this reopening issue may only be offered and sold outside the United States to non-U.S. persons (as defined in Regulation S) in offshore transactions in compliance with Regulation S.
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