Chailease China subsidiary looks wide for $250m loan

By Pan Yue
15 Jul 2020

Chailease International Finance is approaching a large group of banks for a new $250m loan. This is in a bid to attract lenders, as other units under its parent company have already tapped the offshore market three times this year.

Bank SinoPac and Standard Chartered are the mandated lead arrangers and bookrunners for the three year deal, according to a banker who received the invitation.

The transaction was launched into syndication on Tuesday.

The three year bullet loan pays a margin of 114bp over Libor.

MLAs ...

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