DBS Bank closes syndications for Shanghai Hua Qing Real Estate

This deal marks its second major transaction in China this year.

In what appears to be the largest property financing in China, sole arranger DBS Bank has closed syndication for a $180 million dual tranche facility for Shanghai Hua Qing Real Estate Development. Allocations will be finalized this week for the three-year bullet transaction that comprises a $80 million loan and a $100 million standby credit facility.

Bank of China Hong Kong, Commerz East Asia and Maybank have joined as underwriters with commitments of between $30-$40 million. Banks joining as...

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