CDB Aviation executes US$660 million portfolio financing backed by 13 Airbus and Boeing aircraft

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has entered into a facility agreement for the secured portfolio of 13 Airbus and Boeing aircraft, valued at approximately US$660 million. The transaction brings the lessor’s executed financings year-to-date to a total of US$2.53 billion.

The first large-sized portfolio financing executed by the lessor since the onset of the COVID-19 pandemic is secured with a combination of Airbus A320-200 and A350-900 jets as well as Boeing 737 MAX 8 and 787-9 Dreamliner aircraft.

The facility is provided by a group of leading MLA banks, consisting of Natixis, MUFG Bank, Crédit Agricole Corporate and Investment Bank, BNP Paribas, Nord/LB, Société Générale, and The Hongkong and Shanghai Banking Corporation. Crédit Agricole Corporate and Investment Bank acted as facility agent and security trustee, and Natixis and MUFG Bank jointly coordinated the transaction.

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