Investors jump on Bocom Leasing bond

Bocom Leasing raises $1.5 billion in two tranches, with most demand for its new five-year note.

Bocom Financial Leasing, which leases aircraft and ships, returned to the US dollar bond market for the second time this year, raising $1.5 billion via a dual-tranche offer.

Chinese leasing companies have been major borrowers of dollars this year. BoC Aviation, ICBC Leasing, CCB Leasing and ABC Leasing together have raised over $5 billion of US dollar debt this year.

Bocom Leasing issued bonds through its wholly owned subsidiary, Azure Nova International Finance. Bocom Leasing made its debut in the international capital markets in March when it raised $1 billion.

Foreign investors piled into the...

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