Hong Kong-based C&D International Investment Group Ltd. launched a US$200 million three-year bullet loan for working capital purposes, Reuters reported.
The loan involves an interest margin of 250 basis points over the London Interbank Offered Rate and a top-level all-in pricing of about 300 basis points. Commitments for the loan are due by early November, with no commitment fee to be charged during the one-month availability period, the newswire added.
Bank of China (Hong Kong) is the sole mandated lead arranger and book runner for the loan.
C&D International is an investment holding company engaged in developing, leasing and managing properties in China.