Wolong closes €150m loan with 14 lenders

By Pan Yue
18 Sep 2019

China’s Wolong Electric Group has closed its €150m debut offshore borrowing with 14 lenders.

The deal received overwhelming response during general syndication, but the company, which makes motors, generators, control drives and automation products, decided to keep the loan at the initial size, said a banker close to the situation.

Standard Chartered was the sole mandated lead arranger and bookrunner.

It ...

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