SINGAPORE: China Aviation Oil secures US$125 million syndicated loan from five banks

摘要

China Aviation Oil (Singapore) Corporation Ltd (CAO), Asia's largest physical jet fuel trader, said it has secured a revolving debt facility for US$125 million from a syndicate of the Singapore branch of five major banks. Known as book-running mandated lead arrangers (BMLAs), ABN AMRO Bank NV, ANZ Bank, Bank of Communications Co Ltd, Credit Agricole Corporate and investment Bank, and UOB Limited will provide the facility for CAO and its subsidiaries to use as working capital.