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East Hope – pre-financing facility

26 March 2010

Local and large for Chinese aluminium

This landmark deal is a RMB900 million ($132 million) pre-export financing for Chinese aluminium producer East Hope San Men Xia Aluminium Company (East Hope), structured by sole mandated lead arranger Crédit Agricole.Signed on 18 March, 2009 it was the first large scale renminbi (RMB) denominated structured commodity finance (SCF) successfully syndicated in China. Crédit Agricole was mandated on the back of its existing relationship with the borrower. The mandate was won thanks to the work on the ground done by senior Crédit Agricole banker Didier...


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