loan-week-april-916

Loan week, April 9-16

A roundup of the latest syndicated loan market news.

China

China National Machinery Industry Corp's Rmb850 million fundraising has been signed via sole mandated lead arranger and bookrunner Bank of China.

The lead provided Rmb550 million, while participants Bank of Beijing and China CITIC Bank contributed Rmb200 million and Rmb100 million respectively.

Proceeds are to finance the acquisition of China First Tractor Group.

A Rmb35 billion loan for Qingdao Guo Xin Development Corp was signed on April 15 via sole mandated lead arranger China Development Bank. Agricultural Bank of China, Bank of China, Bank of Communications, China Construction Bank, China Everbright Bank, China Merchants Bank and Industrial Commercial Bank of China have joined the deal at lower levels.

Proceeds are to support the...

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