SF's Kerry loan oversubscribed by sub-underwriters

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By Pan Yue
09 Apr 2021

Chinese delivery company SF Express Co’s loan to support its acquisition of Kerry Logistics Network has received strong support from banks in senior syndication.

GlobalCapital Asia reported in February that SF was seeking sub-underwriters for a HK$18bn ($2.3bn) one year bridge loan through co-ordinating bank JP Morgan.

A total of 11 banks have joined during the senior stage. They are Bank of China, Crédit Agricole, China Construction Bank, China Development Bank, ...

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