CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has signed a US$530 million (£434 million) unsecured syndicated term loan with BNP Paribas and a group of leading global financial institutions.
The facility was led by BNP Paribas as agent with funding from such leading aviation lenders as: BNP Paribas, acting through its Singapore branch, MUFG Bank, as the mandated lead arrangers and bookrunners; Bank of Communications Hong Kong Branch; China CITIC Bank London Branch; The Hongkong and Shanghai Banking Corporation Limited; and Agricultural Bank of China, acting through its New York branch. The proceeds will fund new capital expenditure, debt refinancing, general corporate, and working capital.
