Ping An goes wide for $500m borrowing

Shenzhen_adobe_575px_8Feb21
By Pan Yue
20 Apr 2021

Ping An International Financial Leasing, a wholly-owned subsidiary of China’s Ping An Group, is casting a wide net for its $500m loan comeback, in a bid to diversify its financing sources — and its banking relationships.

CTBC, Deutsche Bank, Standard Chartered and Sumitomo Mitsui Banking Corp are the four mandated lead arrangers and bookrunners for the three year facility.

The bullet loan pays a margin of 135bp over Libor. Three levels are up for grabs.Mandated lead arrangers committing $75m and above receive ...

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