Lao Feng Xiang out for maiden $200m loan

Jewellery 230x150
By Shruti Chaturvedi
31 Jan 2018

Lao Feng Xiang Jewellery Hong Kong is dipping its toes into the offshore syndicated loan market for a $200m financing. This is the second firm in the Chinese jewellery sector to tap overseas investors this year.

ANZ and HSBC are leading the three year loan, said a banker who received the invitation. While the Hong Kong-based entity is raising the money, Shanghai Lao Feng Xiang Co is providing a guarantee. 

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