Deals
China's Banks Help Finance $157 Billion M&A Spree
- China banks’ loan share jumps to 4.4% in ’16 from 0.9% in ’15
- Citic Bank, China Merchants join the fray in arranging deals
China's Banks Fund $157B M&A Spree
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Chinese banks are increasing their clout in financing international mergers and acquisitions.
The nation’s lenders were mandated lead arrangers on $19.9 billion of global syndicated loans for M&A this year, raising their share of that market to 4.4 percent from 0.9 percent in 2015, data compiled by Bloomberg show. While Bank of China Ltd. led, second-tier lenders have increasingly joined the fray. China Citic Bank International Ltd. helped helm a $12.7 billion loan in June backing China National Chemical Corp.’s purchase of Syngenta AG. China Merchants Bank Co. led a $3 billion loan in July for the privatization of formerly New York-listed Qihoo 360 Technology Co., Bloomberg data show.