Hongqiao mines for $200m return

By Pan Yue
08 Mar 2021

Aluminium producer China Hongqiao Group has returned to the loan market for a $200m borrowing.

China Citic Bank International, Crédit Agricole and ING are the mandated lead arrangers and bookrunners for the transaction.

Hongqiao’s three year amortising deal, which has an average life of 2.5 years, offers a margin of 380bp over Libor. This is 5bp higher than its three year borrowing ...

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