ICBC Financial Leasing, the aircraft leasing unit of China’s largest commercial lender, returned to the international bond markets for the first time this year, raising $2 billion via a dual-tranche deal.
The A1AA rated group garnered more than $5.75 billion of orders from Reg S investors at peak level, before the order book closed at $4.9 billion, according to a syndicate banker running the deal. That attracted almost double the $2.6 billion order book ICBC Leasing achieved for its two-part sale in September last year, when it tapped 144A investors in the US as well.
The success of the Asia-focused deal, as opposed...
¬ Haymarket Media Limited. All rights reserved.
