Exchange Income Corp. Is Preparing Its First Bond Sale

Exchange Income Corp., which acquires and operates aerospace, aviation and manufacturing businesses, is preparing to sell as much as C$500 million ($365 million) of bonds in its first note sale, according to people familiar with the matter.

The Winnipeg, Canada-based firm is looking at debt that matures in five or seven years, the size of the deal could range from C$300 million to C$500 million, said the people, who asked not to be identified as they aren’t authorized to speak publicly.