On April 22, Yunneng silicon materials Co., Ltd. made a major breakthrough in financing. The project financing was officially approved by China Construction Bank (the leading bank) with a syndicated loan term of RMB 850 million for 10 years, which will be used for the construction of 400000 T / a silicone monomer and supporting projects (phase I).
The construction funds of organosilicon project carry out external financing in the form of syndicated loan, which is an innovative use of dynamic guarantee to form syndicated loan in the province. At present, China Construction Bank (the leading bank), industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and other banks have been determined to participate in the syndicated financing. It is planned to complete the establishment of the syndicate and the signing of the contract within may, so as to ensure that all the syndicate financing lines of the project are in place and help the project construction.
The first syndicated loan obtained this time is not only the full affirmation of financial institutions for the group's implementation of Yunnan hydropower silicon material integration industry development strategy, but also the higher standard and requirement for the construction and management of silicone project. (Dai Shuo)