State-backed Poly Hong Kong to sign increased $480m loan
Poly (Hong Kong) Investments has closed syndication of an increased $480m loan, showing that Chinese borrowers can still rely on the offshore loan market for funding despite heavy supply this year.
The borrower increased the four year loan, which will sign on July 23, from an announced size of $450m after the final commitments came in over the weekend.
The success of the loan seemed to defy recent concerns that heavy borrowing from Chinese companies this year would damage
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