Fitch rates ICBCIL Finance’s proposed US$ notes ‘A(EXP)’

Fitch Ratings has assigned ICBCIL Finance Co. Limited’s (A/Stable) proposed senior unsecured US dollar notes an expected ‘A(EXP)’ rating. The proposed notes will be issued under ICBCIL Finance’s medium-term note (MTN) programme and benefit from a keepwell and liquidity support deed and deed of asset purchase undertaking provided by ICBC Financial Leasing Co., Ltd. (ICBC Leasing, A/Stable). The proposed notes will be listed on Hong Kong Stock Exchange. The proceeds of the notes will be used to fund ordinary asset purchase activities, refinancing (including refinancing of eligible wind power projects under ICBC Leasing’s green finance framework) and other general corporate