China Aircraft Leasing Group (CALC) has launched and priced its second US dollar bond in an aggregate principal amount of US$300 million due 2021. The unrated and unsecured bonds will bear an interest of 4.9% per annum, payable semi-annually in arrear, commencing on 22 February 2017. The bonds are irrevocably and unconditionally guaranteed by the company. The estimated net proceeds of the proposed bonds issue will amount to approximately US$297.4 million. CALC intends to use the net proceeds for new aircraft acquisitions, financing the aircraft disassembly centre, business expansion in aircraft and related businesses as well as general corporate purposes.
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