Loan Week, September 26-October 3

A roundup of the latest syndicated loan market news.

China

Beijing Huiyuan Food Beverage has sealed a Rmb500 million one-year term loan through sole bookrunner and mandated lead arranger Bank of China.

The facility is priced at 90% of PRC rate.

Final allocations saw the lead provide Rmb498 million while Nanyang Commercial Bank lent Rmb2 million.

Proceeds are for working capital purposes.

Ford Automotive Finance China secured a Rmb2 billion three-year term loan on Monday September 29 through bookrunners and mandated lead arrangers Credit Agricole CIB, DBS and Standard Chartered Bank.

Syndication saw Hang Seng Bank, Mizuho and SMBC come in as mandated...

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