CDB Aviation enters into new $525 million five-year credit facility

By Sarah Lizee

Olympia, Wash., April 23 – China Development Bank Financial Leasing Co., Ltd. subsidiary CDB Aviation closed a $525 million unsecured credit facility, according to a press release.

The five-year facility was led by Bank of China (Hong Kong) Ltd., Credit Agricole CIB, Goldman Sachs (Asia) LLC, Mizuho Bank, Ltd. and Societe Generale CIB as mandated lead arrangers and bookrunners. Credit Agricole acted as the facility agent.

Proceeds will be used for general corporate purposes.

The issuer is based in Shenzhen, China.

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