CALC (1848.HK)'s subsidiary CALC (TJ) completes first low-carbon transition corporate bond issue in 2023, recording subscription application of nearly 3 times - PR Newswire APAC
Summary
HONG KONG, June 6, 2023 /PRNewswire/ -- China Aircraft Leasing Group Holdings Limited ("CALC" or the "Group", HKSE stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce that its wholly-owned subsidiary China Asset Leasing Company Limited ("CALC (TJ)") has successfully issued the first tranche of low-carbon transition corporate bonds in 2023, with a term of 3 years and the amount of RMB1.5 billion. It attracted a subscription application of 2.83 times, and its coupon rate hit a new low of 3.85% among CALC (TJ)s bonds with the same term. As the first low-carbon transition corporate bond issued by CALC (TJ) on the Shanghai Stock Exchange, the subscription scale and the number of participating investors of this bond issuance have reached a new height among bonds issued by CALC (TJ) with the same term.The funds raised from this issuance are intended to be used in the low-carbon transition field for the purchase of new aircraft with high fuel efficiency and the upgrade and replacement of aged aircraft, which is in line with the overall investment plan of CALC (TJ) and the Group, especially the goal of promoting the balanced development of the aviation industry in terms of environmental, economic and social benefits. CALC is one of the worlds top 10 aircraft lessors in terms of the combined asset value of fleet and order book, according to ICF International. CALC was listed on the Stock Exchange of Hong Kong Limited as the first aircraft leasing company in Asia in July 2014.