Central China Real Estate eyes savings with loan

China Property (resized 230)
By Shruti Chaturvedi
12 Dec 2016

Central China Real Estate has hit the market for a $150m syndicated loan that will go towards refinancing outstanding — and more expensive — bonds.

Bank of China is the sole mandated lead arranger and bookrunner of the amortising loan. It sent invitations to lenders last week, giving them a short turnaround time of about three weeks.

The deal has an average life of three years, with the final instalment to be paid ...

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