Saudi PIF-owned Avilease starts marketing five-year bond, document shows

Mizuho Financial

05/11/2025 08:36

Nov 5 (Reuters) - AviLease, the jet-leasing company backed by Saudi Arabia's Public Investment Fund (PIF), began marketing a U.S. dollar–denominated five-year bond, according to an arranging bank document seen by Reuters on Wednesday.

The initial price guidance for the benchmark-sized offering was set at 140 basis points over U.S. Treasuries, the document said.

Abu Dhabi Commercial Bank ADCB.AD, BNP Paribas BNPP.PA, First Abu Dhabi Bank FAB.AD, HSBC, and Mizuho were appointed joint active bookrunners and joint lead managers, while Citi and MUFG are serving as joint global coordinators. The transaction is expected to price on Wednesday.

 (Reporting by Shamsuddin Mohd; Editing by Joe Bavier)

 ((Shamsuddin.Mohd@thomsonreuters.com;))