Loan week, July 16-22

A roundup of the latest syndicated loan market news.
July 22, 2010

China

Hefei BOE Optoelectric Technology has secured a $1.1 billion-equivalent dual-tranche financing via China Construction Bank, China Development Bank, China Minsheng Bank and Huishang Bank.

The nine-year facility comprises a Rmb2.8 billion tranche and a $689 million portion.

The loan is secured by land, building and machinery. Proceeds are to support a TFT-LCD production line in Hefei.

Hong Kong

TCL Multimedia Technology Holdings' $120 million four-year term loan was signed on July 20 via Bank of China and Standard Chartered Bank.

Proceeds are for general corporate purposes.

India

Khopoli Investments has successfully obtained a $70 million three-year term loan via sole bookrunner Sumitomo Mitsui Banking Corp.

Syndication saw Chinatrust Commercial Bank Singapore join...

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