Suning makes quick loan comeback for $300m

Euro debt 230x150
By Pan Yue
03 May 2019

China’s Suning Financial Services, a subsidiary of home appliance company Suning Holding Group, is tapping the offshore loan market with a $300m borrowing.

China Everbright Bank and Industrial and Commercial Bank of China are the mandated lead arrangers and bookrunners, according to a banker close to the situation.

The facility has a tenor of three years and comes with a bullet repayment structure. The margin is set at 255bp over ...

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