Chinese banks to win Dongfeng’s $400m deal

09 May 2013

Dongfeng Yueda Kia Motor is close to mandating banks for its $400m loan. Four or five Chinese banks are in the running after pitching with margins in the low 100bp range.

The company, a collaboration between Dongfeng Motor Corp, Jiangsu Yeuda and Kia Motors, sent out a request for proposal to banks at the end of March and received pitches from a large group of lenders, according to a banker.

Talk in the market suggests that the big four ...

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