CHINA CINDA (HK) HOLDINGS COMPANY LIMITED HKD39,000,000,000 SYNDICATED FACILITY

On 25 February 2016, the HKD39 Billion Term Loan Facility (the “Facility”) for China Cinda Asset Management Co., Ltd. (“China Cinda”) to acquire Nanayang Commercial Bank, Limited has been signed in Beijing, which marks the successful closing of the largest-ever acquisition financing in the history of China’s banking sector. China Cinda (HK) Holdings Company Limited (“Cinda HK”) is the borrower of the Facility and its wholly-owned special purpose vehicle Cinda Financial Holdings Co., Limited acts as the acquirer of the acquisition. The Facility is a fixed rate loan which comprises of three tranches with tenor of 5, 7 and 10 years respectively. As the parent company of Cinda HK, China Cinda is providing credit enhancement to the Facility by means of Keepwell Agreement and Equity Interest Purchase, Investment and Liquidity Support Undertaking.

 

China Construction Bank was mandated by China Cinda as the sole Global Coordinator, sole Bookrunner, Facility Agent, Security Agent, and was appointed as Mandated Lead Arrangers with China Development Bank to coordinate the syndication of the Facility. Agricultural Bank of China, Bank of Communications, Industrial and Commercial Bank of China, China Merchants Bank and China Everbright Bank have joined the Facility. Despite a volatile market environment in the beginning of this year, the Facility received favourable market response and have attracted the above 7 banks to participate. The Facility was significantly oversubscribed, which signifies market recognition of China Cinda’s management capability and this acquisition financing.