Grain group picks DBS for syndicated debut

Chongqing Grain Group’s $150m three-year loan was launched into general syndication by sole bookrunner DBS, the first time the state-owned company is targeting the syndicated loan market to raise funds.

  • 11 Apr 2013

The Chinese grain company’s loan has been priced at 280bp over dollar Libor and is targeted at Chinese banks, according to a banker close to the transaction.

The lead is giving banks until May 8 to make pledges, but lenders can also take advantage of the early bird ...

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