China Longyuan Markets 1.7 Bln Yuan Dim Sum Loan in Syndication
Stock Chart for China Longyuan Power Group Corp (916)
China Longyuan Power Group (916), the nation’s biggest wind project developer, is marketing a 1.7b yuan three-year offshore loan in general syndication, according to a person familiar with the matter. *Co. hired Bank of China (Hong Kong) as the arranger and bookrunner *Proceeds are for refinancing *Borrower: China Longyuan Power Group *Amount: 1.7b *Currency: CNH *Loan type: Term loan *Tenor: 3 years *Margin: 110bps more than three-month CNH Hibor with interest floor of 3.75% *Fee: 42bps for pledges of 500m yuan and above; 39bps for 200m yuan to 490m yuan; 36bps for 50m yuan to 190m yuan *MLA: Bank of China (Hong Kong) *Status: In general syndication, responses due Nov. 1 *Information from a person familiar with the matter who asked not to be identified because the details are private *Co. didn’t answer two phone calls or immediately reply to an e-mail seeking comment on the loan today
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