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Chinese Banks Among New Lenders Buying Orange, Masmovil Debt

  • Arranging banks seek to reduce exposure on €6.6 billion debt
  • Further tweaks still possible to mammoth European debt deal

Chinese banks are among a handful of lenders finalizing a deal to buy around €600 million ($631 million) of the debt backing the merger of Orange SA and Masmovil Ibercom SA’s Spanish divisions, one of Europe’s largest leveraged finance deals.

Bank of China Ltd. and Industrial & Commercial Bank of China Ltd. are in the group purchasing part of the €6.6 billion package, according to people with knowledge of the matter who asked not to be identified because the talks are private.