CDB Aviation has entered into a US$700 million facility agreement secured with a portfolio of Airbus and Boeing narrow-body and wide-body aircraft on lease to various of the lessor’s airline customers.
The facility is financed by a group of leading MLA banks, including Natixis, CACIB, BNP Paribas, the Korean Development Bank, the Hongkong and Shanghai Banking Corporation Limited, Bank of China (Hong Kong) Limited, Bank of Communications Co., Ltd. Hong Kong Branch, Bank of Communications Co., Ltd. (acting through its offshore banking unit), CaixaBank, S.A., and Oversea-Chinese Banking Corporation Limited.
“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,” commented Jie Chen, CDB Aviation’s Chief Executive Officer.
Structured as a sustainability linked loan (SLL), the seven-year facility is considered the industry’s first SLL-based aircraft portfolio financing executed by an aircraft lessor globally. Moody’s Investors assigned a best-in-class SQS2 rating, confirming the facility’s conformity with the Sustainability Linked Loan Principles (SLLPs).
