SMBC Aviation Capital closes $500m senior unsecured bond offering

Dublin, 02 April 2025: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, announces that its wholly owned subsidiary, SMBC Aviation Capital Finance DAC, has closed the sale of $500 million five-year senior unsecured notes at a principal amount of 5.10% (the “Notes”). The Notes are fully and unconditionally guaranteed by SMBC Aviation Capital.

The bond placement is priced at US Treasuries plus 103 basis points for the five-year tranches. It is the company’s tenth successful bond offering following its debut capital markets issuance in July 2016.

The $500 million raised by SMBC Aviation Capital in the capital markets demonstrates the importance of the company’s bond programme to its capital structure, allowing access to debt at different points of the tenor curve. The continued success of SMBC Aviation Capital’s bond offering programme underlines investor appetite for exposure to the business and further strengthens the company’s financial position.

Aisling Kenny, Chief Financial Officer, SMBC Aviation Capital, said “Our latest bond offering received strong demand, reflecting SMBC Aviation Capital’s continued robust performance and compelling offer to investors. Our ability to access attractive funding at competitive pricing reinforces our balance sheet, and together with the backing of our shareholders, allows us to further capitalise on opportunities to support our growth.”

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For more information please contact:

Feargal Purcell, SMBC Aviation Capital          +353 87 415 7150

Dara O’Sullivan, SMBC Aviation Capital         +353 86 021 0135

Richard Webster-Smith, FGS Global               +44 20 7251 3801

For Investor enquiries, please contact:

Shane St Ledger, SMBC Aviation Capital        +353 86 173 0599

Note to Editors

About SMBC Aviation Capital  

Headquartered in Dublin, Ireland, SMBC Aviation Capital is one of the world’s largest aircraft lessors. SMBC Aviation Capital has a high-quality global airline customer base with a portfolio comprising 86% narrow-body aircraft and 71% new technology aircraft (by net book value). With an owned, managed and committed fleet of roughly 1000 aircraft, SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit:  https://www.smbc.aero/