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Saudi PIF-owned Avilease starts marketing five-year bond, document shows

BY Reuters | TREASURY | 11/05/25 04:12 AM EST

Nov 5 (Reuters) - AviLease, the jet-leasing company backed by Saudi Arabia's Public Investment Fund (PIF), began marketing a U.S. dollar-denominated five-year bond, according to an arranging bank document seen by Reuters on Wednesday.

The initial price guidance for the benchmark-sized offering was set at 140 basis points over U.S. Treasuries, the document said.

Abu Dhabi Commercial Bank, BNP Paribas, First Abu Dhabi Bank, HSBC (HSBC), and Mizuho were appointed joint active bookrunners and joint lead managers, while Citi and MUFG are serving as joint global coordinators. The transaction is expected to price on Wednesday. (Reporting by Shamsuddin Mohd; Editing by Joe Bavier)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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