The largest finance facility signed in China in 2015 year-to-date YTD
Toyota Motor Finance China has signed a Rmb3.1 billion debt package through joint bookrunners and mandated lead arrangers BNP Paribas, Hang Seng Bank, HSBC and SMBC. Syndication saw Bank of Nanjing, Chang Hwa Commercial Bank, CTBC Bank, Dah Sing Bank, Hua Nan Commercial Bank, Intesa Sanpaolo, Mega International Commercial Bank, Nanyang Commercial Bank, Nordea Bank and State Bank of India come in as arrangers. Proceeds are for working capital purposes.
This is the largest finance facility signed in China so far this year, followed by Far East Horizon’s $350 million fundraising in March.