StanChart, HSBC, and RBS in mix for Sinopec jumbo loan
China Petroleum & Chemical Corporation, commonly known as Sinopec, has recently approached roughly 10 international banks for a five-year US$3.8 billion loan amid a credit tightening in China. The company hopes to pin down the deal by late February. HSBC, Standard Chartered and Royal Bank of Scotland have been involved in the discussions.
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