Country Garden wraps up $1.5bn loan with 16 banks

China_property_Adobe_26July
By Pan Yue
23 Oct 2020

Chinese property developer Country Garden has closed a $1.5bn-equivalent dual currency loan, attracting seven participants during syndication.

Nine original mandated lead arrangers and bookrunners launched the deal into syndication in July, asking banks to commit in US and Hong Kong dollars. The final deal was split between a HK$8.1333bn ($1.049bn) tranche and a $453m portion.

Among the lead banks, Band of China (Hong ...

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