SG Asia has launched a US$40mn five-year term loan for China ’s Dong Fang International Investment. China Merchant Bank has joined as a co-arranger.
Dong Fang is the finance and investment subsidiary of China Shipping (Group) Co. Proceeds are for acquiring shipping containers to be leased to China Container Lines, another company owned by China Shipping.
Arrangers committing US$10mn and above receive 30bp, while senior managers committing US$5mn-9mn earn 20bp.
The margin is 90bp over Libor.