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Press Release

15

Aug

2025

CALC Successfully Prices US$160 Million 6% Senior Unsecured Notes with 4.35x Oversubscription

(Hong Kong, 15 August 2025) - China Aircraft Leasing Group Holdings Limited ("CALC" or the "Company", SEHK stock code: 01848), a full value-chain aircraft solutions provider for the global aviation industry, is pleased to announce the successful issuance of US$160 million senior unsecured notes due in 2028, carrying a fixed coupon rate of 6%. The offering was oversubscribed 4.35 times, marking CALC’s successful return to the US dollar bond market since 2021.

 

 

This is the first USD notes issuance by CALC since receiving a long-term credit rating of Ag- (stable outlook) by China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”). The transaction launched with initial price guidance of 6.4% and tightened to the final coupon of 6.0%, priced at the tightest spread ever achieved by the Company in the USD bond market. Investors comprised banks, securities firm, brokers and asset managers from Hong Kong, Mainland China, Singapore and France. This outcome reflects a strong market recognition of CALC’s solid operational and financial fundamentals, as well as its positive growth outlook.

 

China CITIC Bank International and BNP Paribas acted as Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers. China Zheshang Bank Co., Ltd. (Hong Kong Branch), Industrial Bank Co., Ltd. (Hong Kong Branch), CMBC Capital, CITIC Securities, China Industrial Securities International acted as Joint Bookrunners and Joint Lead Managers. Guoyuan Securities (Hong Kong), Guotai Junan International, China International Capital Corporation, China Securities International, ICBC International and CNCB Capital served as Joint Lead Managers.

 

“The re-entry into the USD bond market is strategically important for CALC. It enables us to capture strong investor demand under favorable market conditions, enhances our financial flexibility, and reinforces CALC’s credit profile in the international capital markets.” said Mr. Conrad Li, Executive Director, Chief Financial Officer and Chief Strategy Officer of CALC. “We appreciate the wide support from global investors as well as the banking community – which empowers us to deliver long-term value.”

 

CALC’s last USD bond issuance was in 2021. In 2023, the Company proactively launched a full tender offer for that issuance as part of its liability management strategy. The bond was fully repaid upon maturity by the end of 2024.

Media Contact

China Aircraft Leasing Group Holdings Limited

Corporate Communications Department