Singapore Aircraft Leasing Enterprise SALE, the entity that leases airplanes to airlines worldwide, is set to launch its second bond deal with a S$200 million $110 million offering. United Overseas Bank Asia UOB and Keppel TatLee Bank have been mandated as co-leads for the transaction.
An official at UOB said that pricing for the deal would be set on Friday or early next week.
Proceeds from the deal will be used in the purchase of a new Boeing 777-200ER plane, which costs around $480 million. SALE will then use leasing revenues for the redemption of the bonds.
The transaction is being split up into two tranches one with a maturity of five...
