BOC Aviation gauging demand for US$1.5b IPO

Singapore

BOC Aviation Ltd, Asia's biggest aircraft-leasing company by asset value, began gauging demand on Monday for a Hong Kong initial public offering that could raise as much as US$1.5 billion, people with knowledge of the matter said.

The Singapore-based company, owned by Bank of China Ltd, expects to start taking investor orders in mid-May, according to the people, who asked not to be identified as the information is private. It plans to start trading as soon as the end of May, the people said.