Yanggu Xiangguang's new $200m financing launches

aluminium smelter_resized_230px
By Shruti Chaturvedi
14 Aug 2014

Chinese smelter Yanggu Xiangguang Copper is looking for an offshore prepayment financing loan of $200m and has picked BNP Paribas to lead the deal.

The three year amortising loan has an average life of 1.9 years. It is offering an upfront fee for participation and pays a margin of 325bp. It is is open to banks at three levels of participation, said bankers.

Banks wishing to get the mandated lead arranger title ...

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