Loan Week

Loan Week, May 18-24

A roundup of the latest syndicated loan market news.

China

Sinobiz Holdings has sealed a $200 million one-year term loan on a club-basis through mandated lead arrangers ABN Amro, DBS, Deutsche Bank, HSBC, Natixis and United Overseas Bank.

The facility is priced at 275bp over Libor with a two-month grace period.

Final allocations saw Deutsche Bank pledge $45 million while ABN Amro, DBS and Natixis lent $40 million each. UOB committed $20 million while HSBC ended up with $15 million.

Proceeds are for structured commodity financing.

India

Vidarbha Industries Power has secured a dual-tranche facility through sole bookrunner and mandated lead arranger...

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