Xtep returns for HK$1.6bn refinancing
Chinese sportswear manufacturer Xtep International Holdings has returned to the loan market for a HK$1.6bn ($204m) refinancing deal that is open only to existing lenders.
HSBC is the sole mandated lead arranger and bookrunner, according to a banker who received the invitation.The company is seeking a longer tenor this time around of four years with an average life of 3.7 years. But the pricing is lower compared to Xstep’s last borrowing ...
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