BoCom Leasing flies new route with $300m aircraft repack

Bank of Communications Financial Leasing opened a new source of funding on Monday with a $300m securitization of loans backed by aircraft assets. Not only was this one of the few internationally marketed structured finance transactions out of Asia, it also marked the return of a rare credit support structure last seen publicly in 2014.

  • By Rev Hui
  • 14 Dec 2016

For BoCom Leasing, this deal was more about diversifying its funding channels and trying out different structures, having already ventured into the international debt market three times this year.

All three deals had their own variations. The A2/A-/A rated issuer raised $1bn in March with two tranches ...

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Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.78
2 CITIC Securities 22.01
3 China CITIC Bank Corp 10.16
4 Industrial and Commercial Bank of China (ICBC) 7.90
4 Everbright Securities 7.90

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Rank Lead Manager Amount $m No of issues Share %
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1 CITIC Securities 9,844.12 61 5.73%
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3 China International Capital Corp Ltd 8,175.96 42 4.76%
4 UBS 7,533.62 55 4.39%
5 Citi 7,312.18 51 4.26%

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Rank Lead Manager Amount $m No of issues Share %
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5 Standard Chartered Bank 14,043.71 105 4.37%

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