China Rundong Auto Group in Syndicated Loan

November 27, 2015

Cleary Gottlieb represented Hong Kong listed China Rundong Auto Group in its $250 million three-year term loan that was its market debut in the Hong Kong syndicated loan market. The facility agreement was signed on 27 November 2015 and the transaction closed on 1 December 2015. Standard Chartered and China CITIC Bank International were the original mandated lead arrangers and bookrunners, while another nine banks will participate in the loan by acceding to the facility agreement in mid-December.