Banks sign up for Shanghai Sinooil $400m debut

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By Shruti Chaturvedi
31 Mar 2017

Shanghai Sinooil Energy Holding Hong Kong, a unit of China Energy Reserve and Chemicals Group, has had commitments from 23 banks during syndication of its debut $400m offshore loan.

UBS was sole mandated lead arranger and bookrunner of the facility, which was guaranteed by Shanghai Sinooil Energy Holding Corp. The lead retained $10m on its books.

A dozen banks joined at the MLA level, with China Minsheng Bank and Industrial and Commercial Bank of China (Macau) ...

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