BOC Aviation Attracts Boeing, Chinese Wealth Fund to $1.1B IPO



Bloomberg reported Bank of China aircraft leasing unit BOC Aviation attracted investors, including Boeing and a Chinese sovereign wealth fund, to buy shares in its $1.1 billion initial public offering in Hong Kong.

Bloomberg noted China Investment and the Silk Road Fund agreed to each invest $100 million in the offering, while Oman Investment Fund will buy $50 million of stock. Boeing committed $30 million and Fosun International will purchase $35 million of shares, according to Bloomberg.

Bloomberg said, citing an interview with the CEO of Avolon Holdings, “China will become the ‘single-most important market, for plane-leasing companies over the next five years.”


Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com