---
title: "Bohai Leasing subsidiary $550 million financing and guarantee progress announcement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/251949813.md"
description: "Bohai Leasing's wholly-owned subsidiary Hong Kong Bohai's subordinate GAL has applied for a loan of USD 550 million to repay old loans in advance and for corporate purposes. Hong Kong Bohai provides a guarantee of USD 550 million for GAL, all within the authorized limit for the fiscal year 2025, and no further review is required. After this guarantee, the cumulative guaranteed amount is CNY 70.392 billion, accounting for approximately 24.58% of the total assets for 2024"
datetime: "2025-08-07T03:48:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/251949813.md)
  - [en](https://longbridge.com/en/news/251949813.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/251949813.md)
---

# Bohai Leasing subsidiary $550 million financing and guarantee progress announcement

On August 5, 2025, Bohai Leasing's wholly-owned subsidiary Hong Kong Bohai's subordinate GAL applied to Homer Asset and Deutsche Bank for a loan limit of USD 550 million, with a term of 364 days, to repay USD 1 billion of old loans in advance and for general corporate purposes. As of the announcement date, Hong Kong Bohai and its subsidiaries have utilized USD 500 million of the loan authorization limit for 2025, and this financing falls within the USD 1.8 billion limit and does not require further review. At the same time, Hong Kong Bohai provided a joint liability guarantee of USD 550 million for GAL, having used USD 500 million of the guarantee authorization limit for 2025, and this guarantee falls within the USD 4 billion limit and also does not require further review. After this guarantee, the company's cumulative guarantee amount in the previous 12 months reached CNY 70.392 billion, accounting for approximately 24.58% of the total assets for 2024, with no adverse liability situations

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