Another aircraft leasing company issues bonds

Premier Aircraft Leasing, an Irish aviation leasing firm, sold $188.165 million of 12-year, 3.547% secured notes on Thursday, which are guaranteed by the US Export-Import Bank. The Ex-Im Bank is a function of the US Treasury Department.

Demand for bonds from leasing companies has picked up in recent months, somewhat as a result of the Ex-Im Bank's guarantor programme. The issuance follows a similar bond offering recently by California-based Aviation Capital Group, and the placing of $2 billion of senior notes by AIG subsidiary ILFC in the first quarter.