DBS China has completed its first transition finance transaction, providing an RMB 1.776 billion long term factoring facility to CES International Financial Leasing Co., LTD(CESL), a subsidiary of China Eastern Airlines Holding Co., Ltd. .<\/p>\n
The facility supports CESL\u2019s strategy to advance decarbonisation in the aviation sector and represents DBS China\u2019s first transition finance deal aligned with the Shanghai Transition Finance Catalogue.<\/p>\n
Proceeds from the transition-aligned facility will be used to acquire new generation cargo aircraft for lease to China Cargo Airlines, supporting its air freight operations. The aircraft are expected to deliver improved fuel efficiency and significantly lower carbon emissions, enabling China Cargo Airlines to optimise its fleet mix and progress its low carbon transition in an orderly manner.<\/p>\n
Lianhe Equator Environmental Impact Assessment provided an independent assessment on the transaction\u2019s alignment with theShanghai Transition Finance Catalogue.<\/p>\n
Sherman Hung, Deputy CEO, Head of Institutional Banking Group, DBS China, said, \u201c\u00a0We are delighted to join forces with CES Leasing, supporting China Eastern Airlines and its subsidiaries in building a low-carbon, sustainable modern aviation transportation model through a customized financing solution, thereby contributing to the aviation industry’s journey towards the ‘dual carbon’ goals.\u201d<\/p>\n
Florence Tan,\u00a0Managing Director\uff0cHead of Global Transaction Services\uff0cDBS China, said, \u201cThis not only validates our expertise in complex structured financing but also sets a benchmark for future supply chain finance solutions aligned with transition finance standards.\u201d<\/p>\n
At DBS, we are committed to driving\u00a0the adoption of emerging\u00a0sustainable solutions and contributing to a greener future for the aviation industry.<\/p>\n","protected":false},"excerpt":{"rendered":"
DBS China has completed its first transition finance transaction, providing an RMB 1.776 billion long term factoring facility to CES International Financial Leasing Co., LTD(CESL), a subsidiary of China Eastern Airlines Holding Co., Ltd. . […]<\/a><\/p>\n<\/div>","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1201","post","type-post","status-publish","format-standard","category-business"],"_links":{"self":[{"href":"https:\/\/cn.dailyeconomic.com\/en\/wp-json\/wp\/v2\/posts\/1201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cn.dailyeconomic.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cn.dailyeconomic.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cn.dailyeconomic.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cn.dailyeconomic.com\/en\/wp-json\/wp\/v2\/comments?post=1201"}],"version-history":[{"count":1,"href":"https:\/\/cn.dailyeconomic.com\/en\/wp-json\/wp\/v2\/posts\/1201\/revisions"}],"predecessor-version":[{"id":1202,"href":"https:\/\/cn.dailyeconomic.com\/en\/wp-json\/wp\/v2\/posts\/1201\/revisions\/1202"}],"wp:attachment":[{"href":"https:\/\/cn.dailyeconomic.com\/en\/wp-json\/wp\/v2\/media?parent=1201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cn.dailyeconomic.com\/en\/wp-json\/wp\/v2\/categories?post=1201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cn.dailyeconomic.com\/en\/wp-json\/wp\/v2\/tags?post=1201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}