By Marisa Wong
Los Angeles, Dec. 17 – China Aircraft Leasing Group Holdings Ltd. priced $100 million of 4.85% three-year notes (Ba2//BB+) at par, according to a company announcement.
The notes will be issued through wholly owned subsidiary CALC Bonds Ltd. and guaranteed by the parent company.
China Everbright Bank Co., Ltd., Hong Kong Branch, BNP Paribas, China Citic Bank International Ltd., China Zheshang Bank Co., Ltd. (Hong Kong Branch), EBSI and Shenwan Hongyuan Securities (HK) Ltd. are managers for the offering.
Proceeds will be used for aircraft acquisitions, business expansion in aircraft and related business, refinancing existing borrowings and general corporate purposes.
The aircraft leasing company is based in Hong Kong.
| Issuer: | CALC Bonds Ltd.
|
| Guarantor: | China Aircraft Leasing Group Holdings Ltd.
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| Issue: | Notes
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| Amount: | $100 million
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| Maturity: | Dec. 23, 2024
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| Managers: | China Everbright Bank Co., Ltd., Hong Kong Branch, BNP Paribas, China Citic Bank International Ltd., China Zheshang Bank Co., Ltd. (Hong Kong Branch), EBSI and Shenwan Hongyuan Securities (HK) Ltd.
|
| Coupon: | 4.85%
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| Price: | Par
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| Yield: | 4.85%
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| Call option: | For tax reasons
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| Change-of-control put: | At 101
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| Pricing date: | Dec. 16
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| Settlement date: | Dec. 23
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| Ratings: | Moody’s: Ba2
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| Fitch: BB+
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