Minmetals takes club route to refinance $200m loan
Minmetals Capitals and Securities, a subsidiary of China National Metals and Minerals Import and Export Corp (Minmetals), signed its $200m three year loan on Monday morning with a club of six banks.
Lenders joining the facility include Bank of China (Hong Kong), Bank of Tokyo-Mitsubishi UFJ, ICBC, Wing Lung Bank, Monte Dei Paschi di Siena Bank and Mizuho.
The loan carries a margin of roughly 100bp over Libor and will be used to refinance a $200m three year loan signed
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