China syndicated loan volume up 28% YoY
- Tibet Tianyuan Mineral Exploration has signed a RMB 4 billion facility with sole mandated lead arranger Bank of China. Syndication saw Bank of Tibet, China Construction Bank, China Minsheng Bank, and Postal Savings Bank of China join as participants. Proceeds are to support a copper mining project in Xiongcun, Xietongmen County, Shigatse, Tibet, China.
- This is the second largest Mining sector deal signed in China in 2016, behind Tibet Julong Copper’s $1.5 billion facility signed in December 2016.
- China’s syndicated loan market stands at $171.2 billion signed...