International

Laurentian Bank of Canada Enters Equipment Leasing Space

Laurentian Bank of Canada announced it is expanding the range of financial solutions it offers to its commercial clients with the addition of leasing products. read more

Leasing Foundation Conference Launches New Projects

The Leasing Foundation said more than 120 fellows, governors and invited guests attended its first conference, during which projects in education, research, diversity and leadership were launched. read more

AGCO Launches Retail Finance Solutions in Central Europe

Agricultural equipment manufacturer AGCO said it is launching a new retail finance program through AGCO Finance, a joint venture with Rabobank Group, for its customers in Central Europe. read more

Business Investment Expectations Rising in UK

The Financial Times reported that big companies in the UK are shifting towards expansion, with expectations for hiring and investment rising to highest level in three years. read more

Avolon Announces Pricing of $636MM ABS by Emerald Aviation

Aircraft lessor Avolon Aerospace Leasing announced that Emerald Aviation Finance priced a total of $636.2 million of fixed rate asset back notes, the proceeds of which will be used by Emerald to acquire a fleet of 20 aircraft from Avolon. read more

TPG Sells China Leasing Business for $715MM

Reuters reported that private equity firm TPG Capital has agreed to sell its China leasing business UT Capital Group to Haitong International for $715 million. read more

Leasing Foundation to Develop 'Diversity Scorecard'

The Leasing Foundation said it has agreed to collaborate with business law firm DWF on the development of a Diversity Scorecard for the leasing and asset finance industry. read more

WSJ: LIBOR Probe Examines Senior Execs at Citi, Other Banks

The Wall Street Journal reported that regulators in the U.S. and UK want to know if senior executives at up to a dozen banks participated in alleged LIBOR manipulation. read more

Leasing Industry in China Will Reach $1.6T in 2020

According to a market research report, in 2012 the business turnover of China’s financial leasing was $253 billion, up from $152 billion a year earlier. The report notes the scale of the leasing industry in China will exceed $1.63 trillion in 2020. read more

MAPI: Q2 Shows Dramatic Shift in U.S., China Trade Data

The Manufactures Alliance for Productivity and Innovation reported that Chinese export growth of manufacturers, which went from a very high 19% in Q1/13 before decelerating to 3% in Q2/13, raises a number of intriguing questions. read more

Pacific Basin Secures Japanese ECA Vessel Financing

Pacific Basin Shipping announced it has finalized terms of a post-delivery export credit agency financing with regard to two handymax vessels. The $51 million facility was arranged with JBIC with Citibank Japan as co-financing lender. read more

Lloyds Said to be Seeking Sale of $3.6B Leasing Unit

Reuters is reporting that Britain’s Lloyds Banking Group is preparing to exit the Australian market, seeking to sell a leasing unit with a book value of $3.6 billion. read more

Wells Fargo Acquires Comerzbank’s UK Commercial RE Portfolio

Wells Fargo acquired Commerzbank’s Hypothekenbank Frankfurt UK commercial real estate portfolio. The transaction includes $6.05 billion of high-quality institutional assets throughout the UK. read more

Bloomberg: Citi to Name Asia-Pacific Commercial Bank Head

Bloomberg reported that Citigroup named Ashish Bajaj to head its Asia-Pacific commercial bank as it seeks more revenue from small and medium-sized companies in the region. read more

Leasing Foundation Appoints Chair of Governors, CEO, COO

The Leasing Foundation said it has appointed Andrew Denton (CHP Consulting) as its first CEO, Mary McNamara (Close Brothers) as chair of governors and professor Peter Thomas as COO. read more

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Terry Mulreany
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