date:May 22, 2014
and it will be difficult to get approval, a lender looking at COFCO's deal said.
Some banks may however be swayed by the rare opportunity to lend to a strategically important company, which is one of the largest of China's state-owned companies.
This is a one time only opportunity to lend to COFCO, and a rare chance to lend a big ticket, another lender said.
COFCO has never borrowed more than $200 million from the syndicated loan market before, in deals raised through its Hong Kong subsidiar