China
Sole bookrunner Morgan Stanley Bank International China completed a Rmb1.0 billion three-year term loan last week for Citic Guoan Group, a major industrial subsidiary wholly-owned by Citic Group. The deal was heavily oversubscribed and upsized from Rmb500 million.
The loan is split into an Rmb820 million tranche and a Rmb200 million portion, which pay an interest rate equal to the PBOC base lending rate.
Syndication saw Bank of Chongqing, Bank of East Asia and China Merchants Bank come in...