Hong Kong – 29 August 2019, China Aircraft Leasing Group Holdings Limited (“CALC” or and the “Company”, and together with its subsidiaries, the “Group”, SEHK stock code: 01848), a full valuechain aircraft solutions provider, is pleased to announce that China Asset Leasing Company Limited (“CALC (TJ)”), a wholly-owned subsidiary of the Group, completed the issuance of RMB 800 million medium term notes (“MTN”) with a term of three years at a coupon rate of 4.93%. The proceeds will be used for aircraft acquisition. China Chengxin International Credit Rating Co., Ltd has granted an “AA+” rating on CALC(TJ) and this tranche of MTN.

This is the third time that CALC has successfully issued RMB MTN after a three-year interval. The amount raised is far more than either of the previous two issuances, with a significant reduction in coupon rate. In addition to banks, the proportion of funding from market-oriented investors, including securities asset managers, insurance companies and funds has largely increased to over 50% among all the investors in this MTN. The diversified investor mix further demonstrated the recognition of the aircraft leasing industry prospects and the Group’s business operation from the capital market.

The issuance of MTN also represents another venture by CALC(TJ) in the capital market, following the successful issuance of its first corporate bond valued at RMB1 billion in June this year. It is the fruitful result of the Group’s efforts over many years to expand its onshore financing channels. It is also proof of the continual enhancements being made to the Group’s credit standing in the financing market, which will lay a solid foundation for future capital flows.

Ms. Winnie Liu, Deputy CEO and Chief Commercial Officer, said, “We are very grateful that this issuance has received overwhelming support from the domestic banks and financial institutions in recognition of the Group’s stable fundamentals, progressive business development, and broad industry prospects. CALC has continued to explore diversified financing channels in the onshore and offshore bond markets, made efforts to innovate financing products, reduced financial cost and optimized the debt structure of the Group since its establishment. This issuance will further enhance the Group’s financial strength, and provide ample capital to support the large amount of delivery of new aircraft order in the coming years, so as to ensure long-term business growth withpromising prospects.”

Bank of Beijing has been appointed as the joint lead underwriter and bookrunner, and China Merchants Securities has been appointed as the joint lead underwriter.