18th Nov 2022 16:52
Avation PLC - Singapore-based passenger aircraft leasing firm - Says Aviation Capital SA extends tender offer deadline to December 1 from November 17. All other terms and conditions remain unchanged from original announcement.
Original offer, announced October 19, was to buy up to USD60.0 million of 9.0%/8.3% senior payment-in-kind toggle notes, maturing October 31 2026. A toggle note allows the issuer of a payment-in-kind bond to defer periodic interest payments in lieu of offering a higher coupon later on. Notes were issued under USD1 billion Global Medium Term Note programme.
Current stock price: 115.50 pence each, up 0.4% on Friday in London
12-month change: up 16%
By Chris Dorrell; [email protected]
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