Loan week, February 15-21

A roundup of the latest syndicated loan market news.

China


China National Offshore Oil Corp CNOOC successfully completed a $6 billion one-year term loan on a club basis on February 19 through mandated lead arrangers ANZ, Agricultural Bank of China, Bank of America Merrill Lynch, Bank of China, Bank of Montreal, Bank of Nova Scotia, China Construction Bank, China Development Bank, Citi, Commonwealth Bank of Australia, Credit Suisse, DBS Bank, Deutsche Bank, HSBC, ICBC, SocieteGenerale, Sovereign Bank, UBS, United Overseas Bank and Westpac.

Proceeds are to support its acquisition of a 100% stake in Nexen.


India


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