Fosun sounds out for refinancing

摘要

Hong Kong-listed Fosun International is sounding out the market for a potential US$500m-$800m refinancing even as another US$700m loan for a subsidiary remains in syndication. The Chinese conglomerate is in talks with several relationship banks for the loan of three or five years. The sound-out comes as indirect arm Fosun Industrial is in the final phase of syndication for a US$700m three-year debut loan. Parent Fosun International is a more recognised name in the loan markets. In June, it was seeking a loan of about US$1.2bn to back its proposed acquisition of an 80% stake in US insurer Ironshore.