Bocom Leasing launches $10 billion medium-term note program

By William Gullotti

Buffalo, N.Y., March 18 – Bocom Leasing Management Hong Kong Co. Ltd. established a new $10 billion medium-term note program (A3/A-/A), according to a listing notice with an appended offering circular on Monday.

Any notes issued under the Regulation S program will have the benefit of a keepwell and asset purchase deed provided by Bank of Communications Financial Leasing Co., Ltd.

Although the program does not have arrangers, Bank of Communications Co., Ltd., Hong Kong Branch and HSBC Ltd. are the dealers.

HSBC is also serving as trustee.

Jun He Law Offices and JunHe LLP are counsel to the issuer. Ashurst Hong Kong and Beijing Dacheng Law Offices, LLP are advising the dealers.

The 12-month program became effective March 15 and is listed on the Stock Exchange of Hong Kong Ltd.

Bocom Leasing serves as an operating platform for the group’s overseas operations in ship leasing.

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