ICBC Leasing, the aircraft leasing unit of China's largest lender ICBC, returned to the international bond markets on Thursday with a US dollar-denominated bond, raising $1.3 billion through a three-tranche offering.
The sale comes shortly after its major rivals BOC Aviation and China Aircraft Leasing Group completed their fundraising exercise in the dollar market. The former sold a $750 million 3.875% 2026 bond in mid-April, while the latter issued a $300 million 5.9% three-year note in late April.
Rated A2AA, ICBC Leasing priced the 144AReg S transaction during New York hours after generating a final order book of $3 billion before final...
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