Bohai Leasing extends bond maturities, Avolon secures new financing

Bohai Leasing's "18 Bohai Gold 01," "18 Bohai Gold 02," "18 Bohai Gold 03," and "18 Bohai Gold 04" bonds, originally maturing in 2021, have undergone a second extension. Their principal repayment dates are now pushed to June 20, 2026, September 10, 2026, October 10, 2026, and October 26, 2026, respectively. The "18 Bohai Rent 05" bond, also extended, will now mature on December 5, 2026. All extended bonds will maintain a coupon rate of 4% during the extended period. Great Wall Securities, as the bond trustee, issued a temporary report detailing these developments.

In financing news, Bohai Leasing's subsidiary, Avolon Holdings Limited, issued $1.25 billion in senior unsecured notes with a 4.950% coupon, maturing on October 15, 2032. Additionally, Avolon Aerospace Leasing Limited secured a $1.5 billion unsecured loan facility. These transactions are backed by guarantees from Avolon and its direct and indirect subsidiaries. The total guarantee amount for Avolon and its subsidiaries, including these recent actions, remains within the $10.5 billion authorized limit for 2025.

As of September 16, 2025, Bohai Leasing's total external guarantees over the past 12 months reached CNY 6,259,241.00, representing approximately 21.85% of the company's audited total assets in 2024. These guarantees primarily support Avolon and its subsidiaries, along with Tianjin Bohai Leasing and its SPV.