S 24/7: BNP Paribas gets into Japanese leasing

Splash 24/7 reports:

Japanese leasing deals are increasingly being sought by international shipping players, especially in the wake of Chinese lessors pulling back from the market.

To further internationalise this Asian shipping finance, BNP Paribas, the world’s largest shipping bank, has signed a cooperation agreement with Tokyo-based SBI Leasing Service, a company which specialises in ship and airplane leasing.

The two companies will be marketing so called Japanese Operating Lease with Call Option financing structures, known as JOLCOs, a market that is fast expanding and is expected to have fixed more than $4bn in deals this year.

The full post published today can be read here.

TradeWinds reported on Friday: “BNP Paribas forms alliance to market Japanese leasing deals“.