Air Lease Corporation Completes First Ever North American Corporate Sukuk Offering
LOS ANGELES, California, March 20, 2023 – 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%...