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China Longyuan Markets 1.7 Bln Yuan Dim Sum Loan in Syndication

Oct. 16 (Bloomberg) -- China Longyuan Power Group, 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

To contact the reporter on this story: Foster Wong in Hong Kong at fwong94@bloomberg.net

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net

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