China’s CMBC, Luye seek new borrowings

Chinatown_1_230px
By Pan Yue
13 Sep 2018

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial