New Hope plans to milk banks for $102m loan

Milk 230-150x
By Rashmi Kumar
25 Mar 2020

New Hope Dairy, a Shenzhen-listed dairy farm owner and operator, is aiming to raise $102m from the loan market.

The three year loan has been launched into general syndication by sole bookrunner and mandated lead arranger Standard Chartered, said a source close to the situation.

New Hope’s deal comes with an average life of 2.925 years and pays a margin of 120bp over dollar Libor. Two ...

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