China syndicated loans hit record; Big Singapore property loan

China syndicated loan volume at highest YTD level on record

• Shaanxi Yanchang Petroleum Group has signed a RMB 15.3 billion facility through sole mandated lead arranger Bank of China. Syndication saw Agricultural Bank of China, Bank of Communications, China CITIC Bank International, China Construction Bank, Industrial Commercial Bank of China, Industrial Bank, Postal Savings Bank of China, and Shanghai Pudong Development Bank join in as participants.
• This is the largest Oil Gas sector deal signed in China so far this year, followed by Ningbo Zhongjin Petrochemical’s $986 million facility and Hanbang Jiangyin Petrochemical’s $447 million fundraising, both in March 2016....