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China International Marine Said to Offer Guarantee on Loan

Nov. 28 (Bloomberg) -- China International Marine Containers Group Co. is offering a parent guarantee for a $300 million loan being borrowed by its Hong Kong unit, according to a person familiar with the matter.

The Shenzhen-based designer of containers and airport facilities hired HSBC holdings Plc, ING Groep NV and Standard Chartered Plc to arrange the facility, another person said on Nov. 10. The loan is being marketed to other lenders in general syndication.

To contact the reporter on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

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