CDB Aviation signs $530 million syndicated term loan via BNP Paribas

By Marisa Wong

Los Angeles, May 10 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., announced it entered into an agreement for a $530 million unsecured syndicated term loan with BNP Paribas and a group of global financial institutions.

The facility was led by BNP Paribas as agent with funding from aviation lenders including BNP Paribas, acting through its Singapore branch, and MUFG Bank, Ltd. as the mandated lead arrangers and bookrunners; Bank of Communications Hong Kong Branch; China Citic Bank London Branch; Hongkong and Shanghai Banking Corp. Ltd.; and Agricultural Bank of China, acting through its New York branch.

Proceeds will fund new capital expenditure, debt refinancing, general corporate and working capital.

China Development Bank Financial Leasing is an aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing company backed mainly by China Development Bank.

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