Citic back with $1bn dual tranche refi led by eight

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By Shruti Chaturvedi
31 Jul 2014

Chinese state-owned conglomerate Citic has returned to the market with a $1bn dual tranche loan, picking eight banks as mandated lead arrangers and bookrunners.

The $1bn loan is split into two tranches, a three year and a five year. Both are bullets, said a banker close to the deal.

The borrower has picked Australia & New Zealand Bank, Bank of China, Bank of Tokyo Mitsubishi-UFJ, China Construction Bank, Hang Seng Bank, HSBC, ...

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