CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing, entered into a $700 million facility agreement secured with a portfolio of Airbus and Boeing narrowbody and widebody aircraft on lease to various of the lessor’s airline customers.
The facility is financed by a group of MLA banks, including Natixis, CACIB, BNP Paribas, the Korean Development Bank, the Hongkong and Shanghai Banking, Bank of China (Hong Kong), Bank of Communications, Hong Kong Branch, Bank of Communications (acting through its offshore banking unit), CaixaBank and Oversea-Chinese Banking.
Natixis, Crédit Agricole Corporate and Investment Bank (CACIB) and BNP Paribas acted as coordinators and sustainability structuring advisors. CACIB also acted as the facility agent, security trustee and sustainability agent.
“This facility marks a significant achievement in our platform’s fundraising journey that was only possible because of the strong support from everyone involved, building on our platform’s robust ability to engage global financial institutions, the strong competencies and efforts of our entire team and the unwavering support of our shareholder,” Jie Chen, CEO of CDB Aviation, said.
“I would like to thank our capital markets team for their extraordinary efforts in raising a record volume of funds from the capital markets and involving the largest number of bank participants, making CDB Aviation a very active player in this market,” Chen said. “I also want to acknowledge the legal team, who continue to provide their critical support in our funding activities and express our gratitude to the airline customers for their crucial engagement.”
