Reuters reported citing banking sources close to the matter as saying that Yingde Gases Group Co Ltd a Chinese supplier of industrial gases plans to obtain a USD 150 million worth of syndicated loan.

According to the sources, the company plans to use the proceeds from the loan deal for general working capital.

Reportedly nine banks have joined the deal
1. Bank of Taiwan
2. First Commercial Bank
3. First Gulf Bank
4. Huanan Bank
5. Industrial Bank of Taiwan

Five to seven banks are dealing with credit line for participating the deal.

Deutsche Bank is hired as the lead coordinator and book-runner.

(Sourced from Reuters)