China’s CMBC, Luye seek new borrowings

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 ...

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