Cho Hung Bank launches $250 million loan

The seven-bank coordinating arranger group comprising of ABN AMRO, Credit Lyonnais, DBS, Natexis Banques Populaires, Standard Chartered and Sumitomo Mitsui Banking Corporation (SMBC) launched a two-year $250 million Cho Hung Bank loan into sub-underwriting last week. ING Bank is the publicity agent for the transaction, which was launched to a select group of underwriters. Sub-underwriting will be closed toward the end of this week following which the deal will be launched into general syndication.