Sinochem to tap $150 million loan

China's biggest chemicals trader, China National Chemicals Import & Export Corporation (Sinochem), is preparing to tap a $150 milion syndicated loan being raised by a US entity, Sinochem American Capital Corporation. Sinochem Beijing is the guarantor for the loan, according to sources close to the deal. ABN AMRO, Bank of China, Bank of Communications and Standard Chartered are the arrangers for the deal.