Tag: Fosun’s
Fosun’s Strategy of “Streamlining the Organization” Begins to Bear Fruit and Offshore Syndicated Loan are Launched
According to people familiar with the matter, Fosun International’s offshore multi-currency syndicated loan was officially launched in early May, and it has obtained a loan of more than US$450 million in equivalent so far. The offshore syndicated loan was jointly initiated by seven banks including Bank of China, Bank of East Asia, Commerzbank, Hang Seng Bank, HSBC, Natixis Bank, and Standard Chartered Bank as lead bookrunners. Since the formation of the syndicate, more than 10 banks have joined and banks may join through the “greenshoe option” in the next three months. In January this year, Fosun’s domestic entity obtained a ... Read more