Loan week, September 24-29

China

Dongfeng Nissan Auto Finance’s Rmb1.5 billion multi-tranche financing was inked on September 29 via sole bookrunner Standard Chartered Bank China.

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 Shanghai contributed Rmb300 million, while Mizuho Corporate Bank China lent Rmb200 million. First Sino Bank came in as a participant with Rmb50 million.

Proceeds...