Minsheng E-comm’s offshore Rmb800m gains four banks

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By Shruti Chaturvedi
12 Jun 2014

Four banks are on board the offshore Rmb800m ($130m) one year loan for the e-commerce arm of China Minsheng Bank, Minsheng E-commerce.

Up to two more banks are expected to join the deal, priced at 169bp over CNH Hibor and led by sole bookrunner China Minsheng, a banker familiar with the terms said — although he would not disclose the names. The deal is proceeding smoothly and will probably be ...

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