Texhong Textile joins select group of private China firms seeking loans

19 Nov 2009

Texhong Textile Group launched a $60m three year loan through BNP Paribas, Citi and Standard Chartered last week, adding to the handful of Chinese private sector companies that have approached the loan market.

The loan carries an average life of 2-1/8 years and bankers can join on three levels — mandated lead arrangers can lend $10m or more for a 60bp fee; lead arrangers can pledge $8m-$9m for a 55bp fee and senior managers can lend $4m-$7m for 50bp producing an ...

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