The fixed-rate notes and floating-rate notes are due 2030

Davis Polk advised the arrangers in connection with the update of the $3 billion medium-term note program of CDBL FUNDING 1 guaranteed by China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) or CDB Aviation Lease Finance Designated Activity Company (CDBALF) with the benefit of a keepwell and asset purchase deed provided by CDB Leasing.

Davis Polk also advised the joint lead managers in connection with the drawdown under the $3 billion guaranteed medium-term note program of CDBL FUNDING 1, consisting of a Regulation S offering by CDBL FUNDING 1 of $400 million aggregate principal amount of 4.750% notes due 2030 and $300 million aggregate principal amount of floating-rate notes due 2030, guaranteed by CDBALF with the benefit of a keepwell and asset purchase deed provided by CDB Leasing.

CDB Leasing is a leading Chinese leasing company and a subsidiary of China Development Bank, specializing in aviation, infrastructure, shipping and large equipment leasing solutions.

CDBALF, a wholly owned Irish subsidiary of CDB Leasing, is a designated activity company that serves as the management platform for the group’s entire aircraft portfolio. Its principal activities include the purchase, leasing and subleasing, financing, trading and disposal of aircraft.

The Davis Polk corporate team included partner James C. Lin, counsel Bingqing Pan and registered foreign lawyer Anlei Zuo. All members of the Davis Polk team are based in the Hong Kong office.

Copy link to share post