CALC closes RMB1.5bn bond issuance oversubscribed

China Aircraft Leasing Group (CALC) has successfully completed the issuance of RMB1.5bn corporate bonds. The three-year  bonds, which were rated AAA, were issued in one tranche priced with a coupon of 3.85%. CALC reports that the issuance was 2.83 times oversubscribed, which CALC said was a reflection of its operating strengths and confidence in its future prospects. China Securities is the lead underwriter, bookrunner and trustee for the Issuance. Haitong Securities, Huatai United Securities and Ping An Securities are joint lead underwriters. CALC (Tianjin) intends to use the net proceeds received from the Issuance in the low-carbon transition field for