Dalian Boyuan and Global Glitter have obtained a $259 million-equivalent three-year term loan through sole bookrunner Standard Chartered.
The debt package comprises a Rmb34 million tranche and a $253 million portion.
Final allocations saw Standard Chartered as the sole lender for the Rmb tranche and $44 million for the USD-denominated tranche while mandated lead Aareal Bank committed $127 million. China Citic Bank International pledged $43 million while Mega International Commercial Bank lent $40 million.
Proceeds are for refinancing and future acquisitions.
Yancon Cathay Coal Chemicals and Yancon Cathay Acetyl Coal Chemicals have inked a Rmb400 million...