North Asia syndicated loan volume at highest YTD level on record
Chongqing Victor Shiny Real Estate Development and Victor Shiny have secured a $132.2 million syndicated loan with Standard Chartered Bank and Wing Lung Bank on a club basis. The facility contains a RMB million dual-currency term loan through joint-mandated lead arrangers China CITIC Bank International 300 million credit and a $85 million portion. Proceeds are to repay existing debt and support property project and for working capital purposes.
China syndicated loan volume has reached a YTD record high of $91.5 billion in 2015, up 22% from the $74.7 billion recorded in the same period of 2014....
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