CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), has issued $500 million of senior unsecured notes in a Regulation S (Category 2) bond offering. The proceeds will fund new capital expenditure, debt refinancing, working capital, as well as other general corporate purposes. The notes were issued by CDBL Funding 1 and guaranteed by CDB Aviation, under the companies’ US$3 billion Medium Term Note Program, which is rated A1 by Moody’s and A+ by Fitch, and have the benefit of a keepwell and asset purchase deed provided by CDB Leasing. “The issuance
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