China’s CMBC, Luye seek new borrowings
Two Chinese companies, CMBC Capital and Luye Pharma Group, are tapping the offshore loan market for the first time, seeking HK$1.4bn ($178m) and $300m respectively.
Hong Kong-listed CMBC Capital, a subsidiary of China Minsheng Bank, is targeting Taiwanese bank liquidity for its borrowing.
E. Sun Commercial Bank is the sole mandated lead arranger and bookrunner, according to a source close to the situation. The deal was launched into syndication in early September.The ...