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Commentary & Deal Flow

GUIDANCE: SMBC Aviation Capital US$ Bnchmrk 10y Sr Notes; T+115#

IGC European Market: Deal Flow - GeneralIGC US Market: Deal Flow - General

SMBC Aviation Capital Finance DAC (SMBCAC), exp A-/BBB+ (s/s) by S&P/Fitch, US$ benchmark 144A/Reg S no reg rights 10y FXD sr notes due 11/26/35. MWC then 3mos par call (8/26/35). SMBC/BofA/CACIB/Citi/GS/RBC joint active books. Guarantor: SMBC Aviation Capital Ltd. Denoms: 200,000 x 1,000. Sale into Canada: Yes, via exemption. Pricing today. Settle 11/26 (T+5). 144A CUSIP: 78448TAP7. 144A ISIN: US78448TAP75.

IPTs: T+145 area.


GUIDANCE: T+115#.