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By Pan Yue
07.45 AM
China National Chemical Corp (ChemChina) is planning to raise multiple bilateral loans to refinance a deal maturing in two weeks, shunning syndication in favour of one-on-one agreements with banks amid a group-wide restructuring. The company has been in talks with banks for the past few months to form separate bilateral bridge loans for a total of $3.85bn, according to a banker close to the situation. The proceeds will be used to refinance the three year tranche of a $5.5bn syndicated facility
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