Dongfeng Nissan Auto Finance’s Rmb1.5 billion multi-tranche financing was inked on September 29 via sole bookrunner Standard Chartered Bank
The three-year deal is split into an Rmb850 million revolving credit, a Rmb200 million term loan and a Rmb400 million tranche. The first two tranches are priced at 83% of the PBOC rate, while the latter portion is priced at 83.5% of the PBOC rate.
Syndication saw mandated lead arrangers China Citic Bank Shanghai give Rmb500 million and Standard Chartered Bank China take Rmb400 million. China Merchants Bank