Shandong Hongqiao New Material has inked a $330 million three-year term loan through bookrunners and mandated lead arrangers ABN Amro, Aozora Bank, China Citic Bank International, DBS, First Gulf Bank, Hang Seng Bank, J.P. Morgan, Mega International Commercial Bank and Rabobank.
The facility is priced at 330bp over Libor.
Syndication saw Woori Bank join in as lead arranger while Kookmin Bank came in as arranger. Taishin International Bank ended up as lead manager.
Proceeds are for working capital and capital expenditure purposes.
Etawah Chakeri Kanpur Highway...