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CDB Aviation Lease Finance to issue $3bn unsecured notes

CDB Aviation Lease Finance will raise $3 billion with a dollar-denominated bond, says a ratings statement from Fitch Ratings.

The medium-term note programme is set up under the name CDBL Funding 1. The notes, which are expected to be issued in October, will be guaranteed by CDB Aviation.

Fitch Ratings has assigned an expected rating of A+ to the senior unsecured notes, the rating agency says in the statement.

Goldman Sachs, HSBC and Standard Chartered are the dealers for the notes, a Hong Kong stock exchange filing shows.

CDB Aviation, a subsidiary of China Development Bank Financial Leasing, opened a Dublin office earlier this year and is expected to establish its first Americas office by the end of 2017, FlightGlobal understands.

UPDATED: Added details of dealers involved

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