Hesteel extracts $150m loan with Sinosure guarantee

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By Shruti Chaturvedi
12 Oct 2016

Hesteel Hong Kong Corp, part of China’s Hesteel Group, is seeking liquidity for a $150m three year bullet in the offshore loan market.

Standard Chartered is the mandated lead arranger and bookrunner of the loan that comes backed by a guarantee from Chinese export credit and insurance agency Sinosure.

There are two titles available to participants — MLA, for which banks have to commit a minimum of $50m, and lead arranger ...

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