Zhongding to use full greenshoe, as Pan Brothers' rakes in commitments

By Shruti Chaturvedi
11 Aug 2015

A Standard Chartered led borrowing for automobile parts maker Zhongding Hong Kong will see the company fully exercise a greenshoe, taking the loan size to €150m ($165m). Eight banks have committed to the facility during general syndication and two more are processing their approvals.

The syndicate is composed of Chinese, European and Hong Kong banks, said a source close to the loan, attributing the strong performance to good pricing and the company’s sector of operation. 

Banks will also have the comfort of a guarantee from Anhui Zhongding Sealing Parts, part of Zhongding's parent ...

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