Gemdale looks to build $300m loan
Real estate developer Gemdale Corp is seeking a $300m three year loan and is speaking to banks about arranging the financing. The deal will not only mark the company’s debut in the loan market but will also see the borrower opt for a club over syndication.
The Chinese company is understood to have appointed Standard Chartered as co-ordinator, according to a banker who is eyeing the deal.
Bank of China, Citic Group, China Construction Bank, DBS, Deutsche Bank and Industrial and Commercial Bank of China are considering forming the club, he added.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.