Loans week July 29-August 4

China syndicated loan volume at YTD record high

• CCCC Foshan Investment Development has signed a RMB 11.8 billion facility through joint mandated lead arrangers Bank of Communications, China CITIC Bank, China Development Bank, China Everbright Bank, Ping An Bank and Postal Savings Bank of China on a club basis. Proceeds are to support the construction of Foshan Metro Line 2.
• ConstructionBuilding is the third largest sector for China loan volume, with $11.9 billion signed so far this year, almost triple the $4.4 billion borrowed in 2015 YTD.
• China syndicated loan volume stands at $83.9 billion...