Hebei Zongheng to launch $173m loan via StanChart

Hebei Zongheng Iron & Steel is preparing to make its debut in the syndicated loan market and has hired Standard Chartered to lead the $173m deal.

  • 21 Jan 2010

The three year onshore loan for the private company is split into a $100m term loan that carries a margin of 500bp over Libor and a Rmb500m ($73m) term loan that pays 125% of the People’s Bank of China’s benchmark lending rate.

One bookrunner said that the deal was ...

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