China Asset Leasing Company issues first tranche of corporate bonds

Aircraft solutions provider CALC has announced that its subsidiary, China Asset Leasing Company has successfully issued its first tranche of corporate bonds at the nominal value of RMB 1 billion (approximately $144.678 million), with a term of three years at a fixed coupon rate of 5.2%. The main purpose is to provide supplemental funding for developing the Group’s aircraft full value-chain solution business, including but not limited to aircraft acquisition and purchasing of aircraft materials. CALC initially planned to issue the bonds at RMB 500 million to RMB 1 billion. The first tranche of corporate bonds was conclusively issued at