Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 08-06-2015 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | China Development Bank Corporation Loan to Transnet SOC | Industry: | Industrial Transportation |
| Description: |
Ashurst advised China Development Bank Corporation on a USD1.5 billion term loan facility granted to Transnet SOC LTD, South Africa's state-owned ports and rail operator. This funding provided a partial financing for the purchase of 691 locomotives from subsidiaries of CRRC Corporation Limited, the new merged entity arising from a recent merger of the former CNR and CSR, two major PRC rolling stock suppliers.
The Ashurst team was led by Singapore-based finance partner Chin Chuan Chen.
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| Financial Center: | Singapore | Value: | 1000.01-5000.00 |
| Advised Party: | Lender | Law Firm | Ashurst |
| Borrower | South Africa | Lender | South Africa |
| Classification: |
Syndicated and Bilateral Loans Bilateral Loans |
Lawyer | Chin Chuan Chen |
