BoCom Leasing flies new route with $300m aircraft repack

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By Rev Hui
14 Dec 2016

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.

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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