China Development Bank Financial Leasing issues $500m sustainability bonds

China Development Bank Financial Leasing issued $500 million in 4.60 per cent. Dated Sustainability Tier 2 Capital Bonds due 2035 at a price of 99.885 per cent. These bonds are direct, unsecured, and subordinated obligations of the Issuer, ranking pari passu with other Tier 2 Capital Instruments. Interest will be payable semi-annually in arrear, with the first payment due on May 10, 2026.

The net proceeds, estimated at approximately $498 million after deducting expenses, will be used to boost the Issuer’s Tier 2 capital and finance or refinance Eligible Sustainable Projects. The bonds are expected to be rated "BBB+" by Fitch Ratings Ltd.

For the six months ended June 30, 2025, the company reported a profit attributable to owners of RMB2,401,029 thousand, up from RMB1,881,265 thousand in the same period of 2024. Total assets as of June 30, 2025, stood at RMB417,727,294 thousand, with total liabilities at RMB376,106,272 thousand. The capital adequacy ratio as of June 30, 2025, was 13.10%, exceeding regulatory requirements.