SMBC Aviation Capital's inaugural issuance of senior unsecured notes wins the Finance Dublin Debt Capital Markets Corporate Bonds Deal of the Year Award

SMBC Aviation Capital's inaugural issuance of senior unsecured notes has won the Finance Dublin Debt Capital Markets Corporate Bonds Deal of the Year Award.

Citing the reasons for the award, Finance Dublin said that the issuance was investment grade rated and marked a significant new funding source for one of Ireland’s major aircraft lessors. The successful issuance underscored the Japanese-owned lessor's commitment to diversifying its sources of funding and clearly demonstrated the market’s confidence in its growth plans. The company's Chief Financial Officer, Barry Flannery, said the issuance was significant from the company's point of view because it achieved further diversification of the company's financial base which makes sense in light of the continued growth of the business and amortisation of existing debt. 'It makes absolute sense for us to access the capital markets and we regard this as the beginning of a series of issuances over time. We will be a repeat issuer from here on,' he said.


Georgina O’Riordan, Partner at McCann FitzGerald, added: 'This debut bond issuance was a huge success. The bond was eight-times oversubscribed, demonstrating the market’s confidence in SMBC’s business, its management team and its growth plans. SMBC is one of the highest rated lessors in the industry (Fitch has since upgraded its credit rating from BBB+ to A-) and the issuance also illustrated SMBC’s commitment to diversify its funding sources.'

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Orla Benson
SMBC Aviation Capital

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