date:May 22, 2014
COFCO Corp., China's largest grain trader, is raising a $3.2 billion syndicated loan to back its acquistion of Noble Group's NOBF.SI agribusiness arm and repay a shareholder loan, banking sources said on Wednesday.
The loan for state-owned COFCO is the biggest offshore loan for a Chinese company this year, and comes as offshore borrowing by Chinese firms is slowing as Hong Kong's regulators attempt to curtail lending.
Noble said in April that COFCO would pay $1.5 billion to buy a 51 percent st