China Development Bank (CDB) is looking for a $400 million onshore loan, Reuters reports. The three-year term loan will be used for working capital. Bank of Tokyo-Mitsubishi has been appointed as the mandated lead arranger (MLA). The MLA has invited about eight to 10 banks to join the syndicated loan. The Chinese lender’s total outstanding domestic and foreign currency loans stood at $70.4 billion last year.

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