China Aircraft Leasing returns to dollar market

The Hong Kong-listed company gains strong support from Chinese and European investors for $300m bond as it seeks to extend maturity profile.

China Aircraft Leasing, controlled by state-owned conglomerate China Everbright Group, returned to the international bond markets for the second time in less than four months, raising $300 million from a five-year unrated bond on Monday.

The Reg S deal underscores the Hong Kong-listed company's desire to extend its maturity profile and comes after it sold its first-ever dollar bonds in April, when it raised $300 million in a three-year format.

The latest deal takes advantage of favorable market conditions as a result of a search for yield and an increasing appetite for risky assets.

China Aircraft Leasing was able to expand its investor base...

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