China Gas, China Modern Dairy prepay loans

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By Shruti Chaturvedi
03 Feb 2016

Integrated natural gas company, China Gas, and milk producer China Modern Dairy have become the latest Chinese borrowers to prepay foreign currency loans.

China Gas has prepaid a $350m loan it signed in early 2014, according to a source on that trade. The money was paid in January, he said. As is usually the case with prepayments, the borrower did not provide an explanation for the move. But the banker ...

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