DeHeng Assisted ICBC Leasing Co., Ltd. in Issuing Offshore Green USD Bonds

2025-09-02

Recently, ICIL Aero Treasury, a wholly-owned financing platform established in Hong Kong by the aviation subsidiary of ICBC Leasing Co., Ltd., successfully issued USD 400 million in 3-year green floating-rate bonds. The issuance spread set a new record low for offshore USD bonds issued by Chinese financial leasing companies, establishing a new industry cost benchmark.

As the PRC legal counsel for the underwriters for this issuance, the DeHeng team, with primary support from Hou Zhiwei, Zhang Yan, and Hu Xueyuan, assisted ICBC Leasing in successfully completing the issuance.