Springland downs shutters on loan at $320m with 17

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By Shruti Chaturvedi
14 Aug 2014

Chinese department store operator Springland International Holdings has wrapped up its fundraising at $320m, with 15 banks joining during syndication. The three year facility, which was launched at $250m, was oversubscribed.

The loan paid a margin of 240bp and received subscriptions to the tune of $400m, with the company’s sound financials pulling lenders in, said a banker on the deal. Banks could commit either in US dollars or Hong Kong dollars.

Mandated lead arrangers and bookrunners DBS and ...

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