Loans week May 7-14

A roundup of the latest syndicated loan market news.

China

Shanghai General Motors has secured a Rmb18 billion credit facility through joint bookrunners and mandated lead arrangers Industrial Commercial Bank of China and SAIC Finance.

The financing is divided into a Rmb9 billion five-year portion and a Rmb9 billion seven-year and six-month credit.

Syndication saw Bank of China, Bank of Communications and China Construction Bank join as arrangers while Agricultural Bank of China, Bank of Nanjing, Bank of Shanghai, China CITIC Bank, China Everbright Bank, China Merchants Bank, China Minsheng Banking, Ping An Bank and Shanghai Pudong Development Bank came in as lenders. 

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