Chinese financial sources say the leasing arms of China Merchants Bank (CMB) and CCB Financial Leasing split an $880m sale-and-leaseback deal in a way that reflects different financing and risk strategies of the two shipfinance operations.
In two separate deals closed last week, cash-strapped container line CMA CGM raised $880m through the sale of 11 large ships in the 10,000-teu class of around five years old.
