The first shelf-offering Belt and Road ABS, 2018 CICC-Far East Leasing the Belt and Road Asset-backed Securities, was successfully approved by Shanghai Stock Exchange on March 16, 2018 with a total offering size of RMB 4 billion. CICC acts as the Plan Manager and Underwriter, and Far East Leasing & Far East Horizon (Tianjin) Financial Leasing act as the Originator and Servicer.
The Originator, Far Eastern Leasing, as the pioneer and leader in the leasing industry, has been committed to serving the real economy, promoting the development of key industries and boosting national renaissance. Far Eastern Leasing is an active and persistent supporter of the Belt and Road Initiative and has taken Shaanxi, Xinjiang, Zhejiang and other regions along the Belt and Road as core business areas.
As the first shelf-offering Belt and Road ABS, it focuses on serving the regions and real economy along the Belt and Road region with strict eligibility criteria of underlying assets. Meanwhile, the Originator has promised the capital raised from this transaction will be mainly used for funding lessees that operate business in the regions along the Belt and Road or relate to the Belt and Road project, which dramatically promotes the development of the Belt and Road Initiative.
As the investment bank adhering to the vision of “Chinese Roots, International Reach”, CICC will continue to facilitate the financial integration of the Belt and Road as a bridge by virtue of the rich experience in capital market and strong caliber in cross-border service. CICC is well-positioned to provide top-standard financial services for the improvement of the Belt and Road Initiative.
