China’s CCB Leasing unit applies to list $5 billion MTN program

By Sarah Lizee

Olympia, Wash., July 14 – CCB Leasing (International) Corp. Ltd. unit CCBL (Cayman) 1 Corp. Ltd. has applied to list a $5 billion medium-term note program, according to a Stock Exchange of Hong Kong Ltd. notice.

The program is guaranteed by CCB Leasing. CCB Financial Leasing Corp. Ltd. provides a keepwell and liquidity support deed and a deed of asset purchase undertaking.

CCB International, HSBC, Morgan Stanley and Standard Chartered Bank are the arrangers. ANZ, MUFG, China Construction Bank (Asia), BofA Securities, DBS Bank Ltd. and Citi are the dealers.

Listing of the program was expected to become effective on Tuesday.

CCB Leasing is a subsidiary of China Construction Bank and is based in Beijing.

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