International

Sumitomo Mitsui Finance and Lease Issues Negative Yield Commercial Paper

Reuters reported Sumitomo Mitsui Finance and Lease issued 5 billion yen ($44.27 million) worth of six-month commercial paper with a yield of minus 0.001%. read more

Gulfstream Delivers First G650ER into China

Gulfstream Aerospace recently delivered the first Gulfstream G650ER into China, providing the ultra-long-range aircraft to Minsheng Financial Leasing. read more

Cassiopae Plans ‘Tie-Up’ with Sopra Steria

Sopra Steria announced plans for a tie-up with Cassiopae, a developer of specialized finance and real estate management software. Sopra Steria will acquire roughly 75% of KSEOP, Cassiopae’s holding company. read more

Reuters: Weak Economy Causes China’s Business Jet Demand to Tumble

According to Reuters, as the Chinese economy weakens, demand for business jets is slowing, as the country’s business jet fleet grew at its slowest rate in the last 10 years in 2015. read more

WSJ: Investors Flee European Bank Stocks

According to the Wall Street Journal, investors are less bullish about European banks, which have seen stocks decline by 4%. read more

BNP Paribas, Cassiopae Partner on Mobile Leasing Solution

BNP Paribas Leasing Solutions deployed a new mobile solution from Cassiopae that will enable introductory sources to easily produce bespoke finance quotes for their customers. read more

Cerberus Aims to Buy GE Money Bank in France

According to French newspaper Les Echos, Cerberus has entered into exclusive talks with GE to continue GE Money Bank, GE’s French banking unit. read more

Reuters: BOC Hires Banks for Aircraft Leasing IPO

According to Reuters, Bank of China hired Goldman Sachs and BOC International as joint sponsors for a $3 billion listing of its aircraft leasing unit. read more

Kuwait Times: ATEL Leasing Portfolio Acquired by Warba Bank

According to the Kuwait Times, an equipment leasing portfolio managed by ATEL Capital Group was acquired by Kuwait-based Warba Bank. read more

Saudia Arabia-Iran Tensions Reveal Atypical Oil Market

Bloomberg reported oil prices changed very little despite diplomatic conflict between Saudi Arabia and Iran, which demonstrates the atypical state of the oil market. read more

DNB, Nordea Extend, Upsize Nordic American Tanker Facility

Nordic America Tanker agreed to extend and refinance its current credit facility with a new facility which was increased from $430 million to $500 million. read more

Sberbank Provides $340MM Tanker Financing to Sovcomblot Group

Russia-based Sberbank CIB provided a $340 million credit facility to finance the construction of three Arctic shuttle tankers for Sovcomoblot Group. read more

DLL, Terberg Collaborate on Fleet Management Deal for Stena Line

DLL has been working with ferry operator Stena Line on a transaction to finance 76 units of Terberg terminal tractors in six of its ports in the Netherlands and the UK. read more

Touax Takes Control of 2,000 GE Rail Cars

Touax subsidiary Touax Rail Limited entered into a definitive agreement under which it took over the management of approximately 2,000 freight wagons previously owned by GE Rail Services. read more

Leaseurope Appoints Dhaene Director General

The board of directors of Leaseurope, the trade association representing the European leasing and automotive rental industries, appointed Leon Dhaene as director general. read more

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Terry Mulreany
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