DUBLIN – May 27, 2025 – CDBL FUNDING 1, a wholly owned subsidiary of CDB Aviation Lease Finance Designated Activity Company (“CDB Aviation”), successfully priced a dual-tranche offering of senior unsecured notes (the “Notes”) totaling USD 700 million on May 20, 2025.

The Notes were issued under its USD 3.0 billion Medium Term Note Program in Regulation S format, with the full support of its guarantor, CDB Aviation, and the keepwell and asset purchase deed provider, China Development Bank Financial Leasing Co., Ltd. (HKEX: 1606).

The offering consists of:

• 5-year USD 400 million senior fixed rate notes bearing a 4.750% coupon, priced at T5+75bps, representing a 40bps tightening from IPG; and
• 5-year USD 300 million senior floating rate notes, priced at SOFR + 80bps, tightening by 50bps from IPG.

The transaction attracted strong demand from a broad base of global investors, with the orderbook peaking at over USD 4 billion and final allocations made to approximately 100 institutional accounts.

“This marks CDB Aviation’s return to the international bond market after a four-year hiatus,” said Jie Chen, Chief Executive Officer of CDB Aviation. “This issuance is a key milestone in executing our long-term funding strategy. By diversifying our funding sources, optimizing our debt structure, and having a better matching of assets with our liabilities, we are positioning CDB Aviation for sustainable, long-term growth.”

The deal was jointly led by a consortium of leading global financial institutions. Standard Chartered Bank, Morgan Stanley, Goldman Sachs (Asia) L.L.C., China CITIC Bank International, China Securities International, and Bank of China acted as Joint Global Coordinators, Joint Lead Managers, and Joint Bookrunners. Additional Joint Lead Managers and Bookrunners included HSBC, China Everbright Bank Hong Kong Branch, Crédit Agricole CIB, Industrial Bank Co., Ltd. Hong Kong Branch, DBS Bank Ltd., and China Minsheng Banking Corp., Ltd. Hong Kong.