Grand Auto revs up $420m debut offshore loan

By Pan Yue
12 Apr 2019

China Grand Automotive Services, the parent of Grand Baoxin Auto Group, has made its debut in the offshore loan market, four months after it raised an onshore facility. The company wants to raise $420m.

Standard Chartered is the sole mandated lead arranger and bookrunner for the facility, according to a source close to the trade.

The loan is split into two tranches, with tenors of one year and two years respectively. The one year tranche has a bullet repayment and pays a ...

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