CDB Leasing takes tight pricing approach, meets goals

Beijing skyline_adobe_575px_20Oct20
By Morgan Davis
26 Feb 2021

China Development Bank Financial Leasing Co rode on solid demand for its dual tranche $1bn transaction on Thursday to seal the bonds inside of fair value, hitting both its targeted price and size.

The senior paper was issued by CDBL Funding 2, one of two special purpose vehicles that A1/A/A+ rated CDB Financial Leasing uses for its fundraising. CDBL Funding 1 is related to aviation leasing, while the other SPV handles offshore shipping and equipment.

CDBL Funding 1, the more regular ...

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