ChemChina's $5.5bn refi heads into general

Syngenta ChemChina PA 230x150
By Shruti Chaturvedi
08 Jan 2018

A $5.5bn senior secured loan to refinance China National Chemical Corp’s (ChemChina) outstanding debt has been launched into general syndication by 16 mandated lead arrangers and bookrunners.

ChemChina’s borrowing is split into a $3.85bn three year tranche 'A' and a $1.65bn five year tranche 'B'. The margin for each piece is based on a ratings grid, the details of which were reported by GlobalCapital Asia in November. At its current rating of Baa2/BBB/A-, the ...

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