06 AUGUST 2012Financeasia.com
Inner Mongolia Huomei Hongjun Aluminium & Electricity to seek loan through BNP Paribas
Edited by : AL CIRCLE
1 min read
Inner Mongolia Huomei Hongjun Aluminium & Electricity successfully signed a $77 million three-year pre-financing term loan through sole bookrunner BNP Paribas. The facility was oversubscribed and upsized from $70 million.
The fundraising consists of a $50 million tranche maturing in December 2014 and a $27 million portion maturing in June 2015.
Syndication saw the sole lead and participant SMBC commit in tranche one while Cathay United Bank, Hua Nan Commercial Bank, Taishin International Bank and Taiwan Cooperative Bank participated in tranche two.
Proceeds are to finance alumina purchase in offtake contracts.
The fundraising consists of a $50 million tranche maturing in December 2014 and a $27 million portion maturing in June 2015.
Syndication saw the sole lead and participant SMBC commit in tranche one while Cathay United Bank, Hua Nan Commercial Bank, Taishin International Bank and Taiwan Cooperative Bank participated in tranche two.
Proceeds are to finance alumina purchase in offtake contracts.
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