Loan week, January 15-21

A roundup of the latest syndicated loan market news.

China

Sinopec Sabic Tianjin Petrochemical SSTPC, a 50-50 joint venture between Saudi Basic Industries Corp Sabic and China Petroleum Chemical Corp Sinopec, successfully secured an Rmb18.3 billion dual-tranche facility earlier this week via Agricultural Bank of China, Bank of China, China Construction Bank, China Development Bank, Industrial Commercial Bank of China and Sinopec Finance.

The financing was split into a Rmb12.3 billion long-term portion and a Rmb6 billion working capital facility.

Proceeds are to finance the operation...

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