Xtep picks one to run $100m syndication

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By Shruti Chaturvedi
15 Nov 2016

Chinese sportswear manufacturer Xtep International Holdings is looking to tie up a $100m amortising loan, having enlisted a Hong Kong lender to arrange it. Xtep has sold syndicated loans in the past but is reaching out to a smaller group of banks this time.

Hang Seng Bank is the mandated lead arranger and bookrunner of the 3.5 year facility that comes with a $50m greenshoe. 

Only a select group of lenders have been offered a chance to be part of the new loan and the borrower has selected the banks to ...

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