Vanke goes clubbing for $375m with five banks
The Hong Kong arm of real estate developer China Vanke is in the market for a $375m loan, but is opting to close it as a club rather than take it into syndication.
Vanke Real Estate is arranging the deal itself and has opted for a tenor of 3.6 years, according to two bankers. Signing is tentatively scheduled for late next week.
Bank of China, Bank of East Asia, DBS, Hang Seng Bank and HSBC are forming the club, added
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