Beijing Enterprises Water sources $120m loan

Beijing palace water230
By Shruti Chaturvedi
07 Aug 2014

Beijing Enterprises Water Group has opened into syndication a $120m ‘B’ loan as part of a $240m fundraising that is supported by the Asian Development Bank (ADB). The ‘B’ loan of the deal could double in size, depending on demand.

Under the ADB scheme, the supranational will provide half the funding in through an 'A' loan, while the 'B' loan is financed by commercial banks but with the ADB acting as the lender of record.

Australia and New Zealand Bank is the arranger of the $120m 'B' loan ...

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