Red Dragonfly swoops in for onshore loan

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By Shruti Chaturvedi
04 Jan 2016

Chongqing Red Dragonfly Oil is seeking an onshore loan of up to $200m as it looks to forge relationships with foreign lenders in mainland China.

The edible oil producer has picked DBS as sole mandated lead arranger and bookrunner. The lead has opened the three year amortiser at a base size of $60m and will determine the final amount depending on the outcome of syndication, said a source close to the situation. The ...

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