China autos loans soar; volumes down in HK

China Auto Truck sector loan up 54% Y-o-Y

• Geely Sweden Industry Investment has signed an 3.1 billion facility through joint bookrunners and mandated lead arrangers ANZ, BNP Paribas, Bank of China, China CITIC Bank International, China Everbright Bank, Export-Import Bank of China, ING Belgium, Industrial Commercial Bank of China, Nordea Bank, Ping An Bank, Skandinaviska Enskilda Banken, and Societe Generale. Syndication saw China Merchants Bank, China Minsheng Banking Corp, MUFG Bank, and Shanghai Pudong Development Bank came in as mandated lead arrangers. Proceeds are to support the $3.2 billion acquisition of Volvo by Zhejiang Geely Holding Group.

• In China,...