Avation provides quarterly update on GMTN bond programme
Avation reported $300 million of notes outstanding under its $1 billion GMTN programme and said it may continue buying securities in the open market.
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what happened
The London Stock Exchange reports that Avation PLC (LSE: AVAP), a commercial passenger aircraft leasing company, has issued its quarterly update on senior notes carrying an 8.5% coupon and maturing in 2031. The securities were issued by its wholly owned subsidiary, Avation Group (S) Pte. Ltd., under a US$1 billion global medium term note programme.
The notes have a total principal amount outstanding of US$300,000,000. Avation Group (S) Pte. Ltd. holds US$2,000,000 in treasury; those securities have no voting rights and do not accrue interest. Avation may keep purchasing the notes in the open market, depending on market conditions, liquidity and other considerations. The company said further details will be included in its next quarterly update.
Avation is headquartered in Singapore and owns and manages a fleet of commercial passenger aircraft leased to airlines worldwide. The London Stock Exchange said the announcement is for information purposes only and does not constitute an offer of securities or an invitation to acquire or subscribe for them in any jurisdiction.
why it matters
For debt-market participants, the outstanding principal, treasury holdings and the possibility of further issuer purchases are the key details. Avation said any additional buying will depend on market conditions and liquidity.
instruments
sources
- REG - Avation PLC - GMTN Programme quarterly update — London Stock Exchange, 12 October 2026 at 10:22 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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