ICBC Leasing lands $1.3b bond

The aircraft leasing unit of ICBC targets international expansion in the face of slowing growth at home.

ICBC Leasing lands $1.3b bond

ICBC Leasing, the aircraft leasing unit of China's largest lender ICBC, returned to the international bond markets on Thursday with a US dollar-denominated bond, raising $1.3 billion through a three-tranche offering.

The sale comes shortly after its major rivals BOC Aviation and China Aircraft Leasing Group completed their fundraising exercise in the dollar market. The former sold a $750 million 3.875% 2026 bond in mid-April, while the latter issued a $300 million 5.9%...

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