Zhongding cuts price for €200m refi

Car breakdown
By Pan Yue
08 May 2019

China’s industrial and automotive parts manufacturer Zhongding Group has cut the price for its €200m loan refinancing.

Standard Chartered is the sole mandated lead arranger and bookrunner for the facility, according to sources.

The deal has a tenor of three years with an average life of 2.88 years. The margin is set at 155bp over Euribor, down from the 180bp spread that the company paid ...

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