China’s CMB International Leasing launches $20 billion note program

By William Gullotti

Buffalo, N.Y., Sept. 2 – CMB International Leasing Management Ltd. applied to list its $20 billion medium-term note program, according to a regulatory notice on Wednesday.

Notes issued under the program have the benefit of a keepwell and liquidity support deed and a deed of asset purchase undertaking by CMB Financial Leasing Co. Ltd.

Agricultural Bank of China Ltd., Hong Kong Branch, Bank of China, CMB International and Standard Chartered Bank are the arrangers and dealers for the program.

Also serving as dealers are ANZ, Citigroup and CMB Wing Lung Bank Ltd.

The Regulation S program is expected to take effect Sept. 3.

The company provides financial leasing to businesses in China.

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