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State-owned oil giant China National Offshore Oil Corp is talking to banks for a $1bn refinancing linked to its Australian investments.
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A unit of the Yuexiu Group is in the market for a HK$2.3bn ($296.7m) loan, which has launched into general syndication under DBS as sole mandated lead arranger and bookrunner, said sources.
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China National Chemical Corp’s $12.7bn acquisition loan for Syngenta drew commitments from some 17 lenders, with the deal closing well oversubscribed, said bankers close to the matter.
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Emaciated volumes in the loan and Euro PP markets mean they must buddy up to offer borrowers the best of both worlds.
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Dalian Wanda Group Corp is expected to begin gauging demand for a $600m borrowing next week that help to fund the development of a tower project in Chicago, said sources.