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BOC Aviation draws Boeing, sovereign funds to $1.1 billion IPO

05/16/2016| 4:45:47 PM|

BOC Aviation Ltd., Asia’s biggest aircraft lessor, attracted investors including Boeing Co. and the Chinese sovereign wealth fund to buy shares in its $1.1 billion initial public offering in Hong Kong.

BOC Aviation Ltd., Asia’s biggest aircraft lessor, attracted investors including Boeing Co. and the Chinese sovereign wealth fund to buy shares in its $1.1 billion initial public offering in Hong Kong.

China Investment Corp. and the Silk Road Fund agreed to each invest $100 million in the offering, while Oman Investment Fund will buy $50 million of stock, according to terms for the deal obtained by Bloomberg. Boeing, the world’s biggest planemaker, committed $30 million, and Chinese billionaire Guo Guangchang’s Fosun International Ltd. will purchase $35 million of shares, the terms show.

China Development Bank Corp. will invest $60 million in the share sale, while China Life Insurance Co. and Chinese private-equity firm Hony Capital Ltd. will each purchase $50 million of stock, the terms show. BOC International Holdings Ltd. and Goldman Sachs Group Inc. are joint sponsors of the offering.

BOC Aviation management will meet investors through May 23, according to the terms. The company aims to begin trading June 1.

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TAGS: BOC Aviation | IPO | aircraft lessor
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