Kangde Xin kicks off $200m loan debut
Kangde Xin Composite Material Group has made its debut in the offshore loan market, launching a $200m three year deal into syndication.
Bank of China and Standard Chartered are the mandated lead arrangers and bookrunners. They launched the facility last Friday, said a banker close to the situation.
The loan has a weighted average life of 2.825 years and pays a margin of 170bp.The banks are offering three ...