Baoxin opens up $550m dual trancher to retail lenders

By GlobalCapital
14 Jul 2016

Baoxin Auto Group has opened up three more levels of participation for its $550m dual-tranche financing after launching the senior phase a month ago.

Standard Chartered is the sole lead on the loan, which is backed by a keepwell from China Grand Automotive Services Co and is expected to become the borrower’s parent after putting in an unconditional offer for a stake. 

The ...

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