China New Century International Leasing Co Ltd's $31.5m four year fundraising has closed oversubscribed to $56m but allocations were scaled back. Lenders are Banca Commerciale Italiana, Bank of Communications, Bayerische Hypotheken und Wechsel Bank AG, Crédit Lyonnais, Development Bank of Singapore, Dresdner Bank AG and Kredietbank NV committing $4.5m each. Signing will take place on March 27 in Shanghai.
March 20, 1998