AviLease, a jet-leasing firm backed by Saudi Arabia’s Public Investment Fund (PIF), is in talks with banks for an inaugural bond sale, aiming to raise at least $500 million as part of a $2 billion programme by the end of the year. The company secured investment-grade ratings to tap global capital markets in line with Saudi Arabia’s Vision 2030. Saudi issuers accounted for 18.9% of $250 billion in emerging-market dollar debt in the first half of 2025. AviLease, established in 2022 as part of PIF’s aviation leasing push, acquired Standard Chartered’s aviation finance arm in 2023 and made its first direct Boeing order in May 2025. Saudi Arabia aims to expand aviation to support tourism, reduce reliance on oil, and launch a new carrier, Riyadh Air. PIF and state-linked firms are turning to bond markets to fund megaprojects.

Read more at Yahoo Finance: Saudi PIF-owned AviLease weighs debut bond, sources say