Loan week, May 14-19

A roundup of the latest syndicated loan market news.

China

Hebei China Coal Risun Coking's Rmb1.0 billion pre-financing facility has been signed via sole bookrunner Credit Agricole.

The three-year fundraising is priced at 110% of the PBOC rate.

Syndication saw Bank of Communications give Rmb210 million, while Credit Agricole contributed Rmb180 million. China Minsheng Banking Corp, Bank of Hebei and Nanyang Commercial Bank China pledged Rmb90 million each, while Societe Generale lent Rmb60 million. Guangdong Development Bank, Natixis, United Overseas Bank, Wing Lung Bank and ANZ committed Rmb50 million apiece and Dah Sing Bank rounded out the group with Rmb30 million.

Proceeds are for the procurement of coking coal and other raw materials, and for working capital purposes.

A $135 million three-year term...

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