Lenders pounce on Bank of China Lux loan

Bank of China’s Luxembourg branch has signed a $1.05bn syndicated loan after launching the deal at half that amount in the latest display of lenders scrambling to allocate funds.

  • By Mike Turner
  • 13 Jun 2018

The Chinese bank signed the two year loan at Libor plus 55bp, a spread that a lead banker says is in line with comparable transactions.

“Chinese banks have been active borrowers through their European subsidiaries,” said the banker. “There was ICBC London and China Construction Bank London recently. The ...

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