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LONDON - Avation PLC (LSE:AVAP), a commercial passenger aircraft leasing company, announced Tuesday that its wholly-owned subsidiary, Avation Group (S) Pte. Ltd., has updated its global medium term note programme.
Under the programme, the subsidiary may issue notes in various currencies, amounts and tenors. The notes may carry fixed, floating, variable or hybrid interest rates, or no interest. Avation PLC will guarantee the programme.
The updated Offering Memorandum has been published on the Singapore Stock Exchange and made available on the company’s website.
Executive Chairman Jeff Chatfield stated that the company may use the programme to issue new debt securities to refinance outstanding notes.
The notes have not been and will not be registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or an exemption from registration requirements. No public offering of the notes will be made in the United States.
Within the United Kingdom (TADAWUL:4280), the announcement is directed only at investment professionals as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.
The notes will be offered pursuant to exemptions under Sections 274, 275 and other applicable provisions of Singapore’s Securities and Futures Act.
This information is based on a company press release statement.
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