Air lease corporation completes first ever north american corporate sukuk offering

Los angeles--(business wire)--today air lease corporation (nyse: al) announced the successful completion of its inaugural sukuk issuance. the transaction, settled on march 15, 2023, represented the first ever offering of its kind into the middle east market from a north american corporate and the largest sukuk from a us-based borrower in history. the offering consisted of us$600 million aggregate principal amount of 5.85% trust certificates due april 1, 2028 (the “certificates”).
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