China onshore syndicated loan volume set
- Shijiazhuang Metro Construction has signed a RMB $6.8 billion facility through joint mandated lead arrangers Agricultural Bank of China and China Development Bank. Syndication saw Bank of China, Bank of Communications, China Construction Bank, China Everbright Bank and Industrial Commercial Bank of China join as participants. Proceeds are to support the construction of Shijiazhuang Metro Line 2.
- The deal has pushed China onshore syndicated loan volume to $50.1 billion via 109 deals, down 6% from the record $53.1bn lent in 2015 YTD.
Finance sector syndicated loan up 13% YoY in...