Chailease International FinanceÆs RMB210 million three-year term loan was signed last Wednesday after the borrower decided to close the loan instead of waiting for commitments to reach Rmb300 million. Parent company, Chailease Finance Co is acting as the guarantor.
Sole mandated lead arranger and bookrunner Mizuho Corporate Bank committed Rmb80 million while lead arranger Agricultural Bank of China Shanghai branch and arranger First Sino Bank joined in with Rmb100 million and Rmb30 million respectively.
The deal is priced at 110% of the PBOC rate and has a commitment fee of 15bp. Proceeds are for general working capital purposes.
A $115 million 10-year debt package for ChangJiang Shipping Group Phoenix has been...