Lenders worry but must not ignore $4bn Shuanghui loan

Chinese pork producer Shuanghui International is tapping the Asian loan market for a $4bn financing to back its acquisition of US company Smithfield Foods. The transaction has raised complaints among loans bankers about the deal’s structure — and what they say is a far too aggressive margin. But bankers still seem unlikely to let the loan slip out of their hands, writes Rashmi Kumar.