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Facility refinances loans signed in 2022 and 2023 with multiple institutions providing the financing
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China National Chemical Corp (ChemChina) sent indicative pricing for a $5.5bn refinancing to banks late last month.
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Bunge Finance Europe, an arm of the US agricultural commodities group, launched a revolving credit facility on Tuesday to refinance a $1.75bn loan from 2014. Fourteen banks have joined before general syndication.
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A £640m ($839m) refinancing for Tata Motors has entered the senior phase of distribution with seven banks running the deal.
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CCCG Overseas Real Estate (Core), a Singapore-based company owned by China Communications Construction Group, has approached banks for its maiden dollar syndicated loan.
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Justin Crane, head of loan syndicate and distribution at Standard Chartered, is set to leave the bank at the end of this month, sources said.
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Lonza, the Swiss medical firm, is sounding the market for a $100m seven year loan, following a €870m-equivalent Schuldschein transaction in August.