Sichuan motors to Rmb1bn offshore loan
Sichuan Expressway, a Chinese company that builds and manages roads, bridges and tunnels, has closed a Rmb1bn ($128.8m) loan in the offshore renminbi market, the biggest syndicated deal so far this year. But bankers think the deal is unlikely to lead to much more, and admit they have little faith in the potential for growth in offshore renminbi loan market this year.
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