China hits onshore syndicated loan record

International Far Eastern Leasing, Reliance Cement and Hengyuan Refining feature in Dealogic's roundup of loans activity in Asia for January 19 to 25.
January 25, 2018

China onshore syndicated loans in 2017 reached the highest on record

  • International Far Eastern Leasing has signed a RMB 3.5 billion term loan with sole bookrunner and mandated lead arranger Bank of China. Syndication saw Agricultural Bank of China and China Construction Bank join as participants. Proceeds are for working capital purposes. 
  • In China, Finance sector loans reached the highest level both in Volume and Activity, with $16.1 billion via 46 deals throughout the year of 2017.
  • In 2017, China onshore loans stood at $101.5 billion via 350 deals, down 20% from the $126.7 billion borrowed...
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