Overview

Bank of China provides a $100 million USD loan to NBB Leasing for the purchase of one Airbus A350-900 aircraft

Commitments (Constant USD, 2023)$100,629,629

Commitment Year•2018Country of Activity•JapanDirect Recipient Country of Incorporation•JapanSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 13, 2018

Geospatial footprint

Map overview

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This project provided a loan for the acquisition of one Airbus to NBB Leasing Co., Ltd., which is a subsidiary of Nomura Babcock & Brown Co., Ltd. Nomura Babcock & Brown Co., Ltd. is located at Tornare Nihonbashi Hamacho 5F, 3-3-2, Nihonbashi Hama-cho, Chuo-ku, Tokyo, 103-0007, Japan. More detailed locational information can be found at https://www.openstreetmap.org/way/228940110.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Receiving agencies

Private Sector

NBB Leasing Co., Ltd.

Loan description

Bank of China provides a $100 million USD loan to NBB Leasing for the purchase of one Airbus A350-900 aircraft

Interest type•Unknown

Narrative

Full Description

Project narrative

On April 13, 2018, financial close was reached on a deal in which the Bank of China (BOC) entered into a commercial loan agreement worth an estimated $100 million USD with NBB Leasing Co., Ltd. — a Japanese aircraft leasing company and subsidiary of Nomura Babcock & Brown Co., Ltd. (NBB), a Japanese investment bank working with aircraft that is a wholly-owned subsidiary of Nomura Holdings, Inc. — to finance the purchase of one Airbus A350-900 aircraft. This loan was secured (i.e. collateralized).

Staff comments

1. $100 million USD was estimated by industry sources to be the value of this loan.