BOC Aviation readies IPO for takeoff

The upcoming initial public offering of Bank of China’s aircraft leasing business could help to establish a whole new asset class in Asia.

Bank of China, the country’s fourth-largest lender by assets, has started pre-marketing an initial public offering in Hong Kong of its aircraft leasing business, which could potentially open up a new asset class for Asian investors.

The launch of investor education on Monday means BOC Aviation is likely to come ahead of CDB Leasing and Minsheng Financial Leasing, which are both also preparing to float their shares in Hong Kong. 

Bankers said the equity offering could raise as much as $2 billion and will comprise new shares and existing shares sold by Bank of China. BOC Aviation will have a pre-shoe free float of 30% immediately...

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