China Vanke launches rare loan of $300m
China Vanke hit the market with a $300m loan through Bank of China last Friday in the first deal to be launched in the Asia Pacific syndicated loan market in three weeks.
The five year loan for the country’s largest developer will refinance a previous debt deal signed in 2007 and provide additional working capital.
Asia’s loan market is nearing the end of its traditional dry spell in the run up to the Chinese New Year holidays. Bankers expect deals
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