Shandong Qingyuan closes $430m loan with five

Oil pipeline 230x150
By Pan Yue
14 Jan 2019

Shandong Qingyuan Group has closed a $430m one year self-arranged club loan with five participants.

ABN Amro, Deutsche Bank, First Abu Dhabi Bank, ING and Westpac joined the Chinese petrochemical company’s facility as mandated lead arrangers, according to a banker close to the trade. ABN Amro also acted as co-ordinator and documentation agent.

The margin of the loan was 200bp over Libor, ...

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