ChemChina rolls out $12.7bn in senior syndication

Beijing_230
By Shruti Chaturvedi
06 Apr 2016

A $12.7bn jumbo loan to back China National Chemical Corp’s (ChemChina) acquisition of Syngenta has gone into senior syndication in Asia, with the borrower seeking a large minimum commitment.

The loan is structured as a one year bridge, said a source close to it. Arranger China Citic International is forming an underwriting group and has opened the deal to lenders after lengthy consultations with a mix of Chinese and European banks. Incoming lenders must put in a ...

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