Utility Energy sector leads the China syndicated loan market
Guangdong Baolihua New Energy Stock has signed a RMB 7.0 billion term loan through joint mandated lead arrangers Agricultural Bank of China, Bank of China, Bank of Communications, China Construction Bank, Industrial Commercial Bank of China and Postal Savings Bank of China on a club basis. Proceeds are for capital expenditure purposes.
Utility Energy leads the China syndicated loan sector ranking with $21 billion in 2015 YTD, accounting for 22.4% of China’s total loan volume.
It is the third largest sector for Asia Pacific ex Japan loan volume in 2015 YTD. Volume has...