CCB Financial unit launches $5 billion medium-term note program

By William Gullotti

Buffalo, N.Y., July 13 – CCBL (Cayman) 1 Corp. Ltd. is listing a $5 billion medium-term note program, according to a listing notice.

Notes issued under the program are guaranteed by CCB Leasing (International) Corp. DAC with the benefit of a keepwell deed by CCB Financial Leasing Corp. Ltd.

The joint arrangers for the program are CCB International, HSBC, Morgan Stanley and Standard Chartered Bank. ANZ, MUFG, China Construction Bank (Asia), BofA Securities, DBS Bank Ltd. and Citigroup are serving as dealers.

The program is expected to become effective July 14.

The issuer is based in Beijing.

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