ILFC diversifies into Asia

At last bankers in Asia have something good to talk about.

American based International Lease Finance Corp ILFC has mandated JP Morgan as bookrunner and co-ordinator along with a group of Asian banks to arrange a $500 million three year fundraising. The mandated arranger group also includes Bank of China Hong Kong, DBS, Industrial Commercial Bank of China Asia, Agricultural Bank of China and Overseas Chinese Banking Corp.

Banks wishing to join the deal will earn a margin of 87.5bp over Libor and receive fees on...

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