China Development Bank Financial Leasing Co., Ltd. Enters USD200 Million Finance Lease Agreement

The latest announcement is out from China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ).

China Development Bank Financial Leasing Co., Ltd. announced a finance lease transaction involving a wholly-owned subsidiary acting as the lessor in an agreement with TUPI NORDESTE S.À R.L. The transaction, valued at up to USD200 million, involves the purchase and leasing of a floating production storage and offloading vessel for 96 months. This transaction is classified as a discloseable transaction under Chapter 14 of the Listing Rules, requiring reporting and announcement but exempt from circular and shareholders’ approval. The lease agreement includes a principal of USD200 million and an expected lease interest of approximately USD60 million, with payments made quarterly based on a floating rate adjusted by the Secured Overnight Financing Rate.

More about China Development Bank Financial Leasing Co Ltd Class H

China Development Bank Financial Leasing Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, primarily engaged in vessel leasing business. It is not authorized to carry on banking or deposit-taking business in Hong Kong and is not subject to the supervision of the Hong Kong Monetary Authority.

YTD Price Performance: -27.50%

Average Trading Volume: 2,059

Technical Sentiment Signal: Buy

Current Market Cap: €1.62B

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