BoCom Leasing takes $800m from fixed, FRN combo

Bank of Communications_Adobe_8July
By Alice Huang
08 Jul 2020

Bank of Communications Financial Leasing Co priced a $800m dual-tranche deal on Tuesday. While it initially wanted to sell just a floating rate note, it added a fixed rate portion too due to investor interest.

A2/A-/A rated BoCom Leasing took $350m from a three year fixed rate bond and $450m from a five year FRN in Tuesday’s outing.

The Chinese leasing company initially planned to print just a floating note – similar to its February issuance – despite the structure losing some ...

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