Loans week March 20-26

A roundup of the latest syndicated loan market news.

China

North United Power has sealed a Rmb 450 million one-year revolving credit through sole bookrunner and mandated lead arranger Bank of China.

Final allocations saw the lead contribute Rmb 300 million while China Development Bank held Rmb 150 million.

Proceeds are for working capital purposes.

Inner Mongolia Xiduo Railway has completed a Rmb 1 billion 14-year term loan through sole bookrunner and mandated lead arranger Bank of China.

The financing is priced at PBOC rate.

Final allocations saw the lead provide Rmb 700 million while China Development Bank gave Rmb 300 million.

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