CDB Aviation has entered into a $775 million facility agreement secured by a portfolio of Airbus and Boeing aircraft, structured as a sustainability linked loan.
Crédit Agricole Corporate and Investment Bank (CACIB) and Bank of China acted as sustainability structuring advisor.
CACIB also acted as sustainability agent, facility agent and security trustee.
Moody’s Investors provided the second party opinion as to the appropriateness of the KPIs and SPTs, confirming the conformity of the facility with the sustainability linked loan principles (SLLPs), with a best-in-class SQS2 rating.
The facility is provided by a group of MLA banks, consisting of: CACIB, Bank of China, Standard Chartered Bank, CaixaBank, Oversea-Chinese Banking Corporation, Shanghai Pudong Development Bank, National Bank of Kuwait, China Minsheng Banking and Fubon Bank.
Clifford Chance acted as counsel to CDB Aviation while A&O Sherman represented the lenders. Matheson acted as Irish counsel and JunHe as PRC counsel.
