CNBM to replace loan guarantor for price reduction

China skyscrapers Chongqing_Fotolia_230px
By Pan Yue
19 Sep 2018

China National Building Material (CNBM) is considering changing the guarantor of its $160m debut offshore borrowing in a bid to cut pricing.

The company plans to replace the original guarantor, China National Building Materials & Equipment Import & Export Corporation, a subsidiary of the borrower, by the parent company itself, according to a banker close to the situation. The parent is CNBM.

CNBM is a state-owned building material producer ...

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