CCB Leasing, the aircraft leasing unit of China Construction Bank, returned to the international bond markets for the first time in almost a year on Tuesday with a $1 billion issue.
The split three- and five-year Reg S transaction follows hard on the heels of a similar $1.3 billion deal for ICBC Leasing one week ago.
The aircraft leasing companies have become regular issuers in the dollar market but are not yet offering any form of new issue concession for investors, even though order books are getting smaller.
CCB Leasing also faced two further hurdles.
Firstly, the primary market...
¬ Haymarket Media Limited. All rights reserved.
