Rongshi allocates $150m debut offshore loan

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Rongshi allocates $150m debut offshore loan

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BEIJING - JUNE 11: Tienanmen Gate (The Gate of Heavenly Peace), the main entrance to Forbidden City June 11, 2012 in Beijing, China | air - Fotolia

Allocations are out for State Development and Investment Corp (SDIC) subsidiary Rongshi International Holding Co’s $150m three year offshore debut. The deal, which launched into limited syndication in October, was oversubscribed closed swiftly thanks to the borrower's strong credentials as its parent is centrally owned.

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