Asia finance editor's deal of the year 2017: CCB Financial Leasing's Jolco structure for six Airbus A321s

摘要

In 2017, CCB Financial Leasing closed its debut Japanese operating lease with call option (Jolco) transactions for three Airbus A321s, before finalising Jolcos for three more A321s in 2018. FPG AIM is arranging the transaction and FPG is acting as equity underwriter, while BTMU, CCB Tokyo and NAB provided debt. "The indisputable fact is that all parties overcame a great deal of difficulties, such as different credit cultures, time differences and complicated legal documentation, to close the deal," CCB Financial Leasing states in its Inaugural China Awards submission form.