Loan week

A round up of the latest syndicated loan market news.
China

Standard Chartered Bank has been mandated to lead arrange a A$200 million acquisition financing for China National Chemical Corp ChemChina. Proceeds are to finance the purchase of Australian polyethylene producer Quenos from Exxon Mobil and Orica.

The information memorandum is being finalised and the deal will be launched within the next two weeks.

HannStar Board Technology Jiang YinÆs three year term loan has been increased to $80 million from $72 million. Signing was held on February 23.

Mandated lead arrangers ANZ Investment Bank, BNP Paribas, DBS Bank, HSBC and ING Bank each lent $10 million. Co-arrangers include Bangkok Bank committing $7.5 million and Nanyang Commercial Bank and United Overseas Bank...
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