.Success of the exchange meeting for USD200 million structured finance led by Deutsche Bank&ING Bank
On July 20th, the exchange meeting for USD200 million structured finance led by Deutsche Bank&ING Bank was held in Fangyuan. There were representatives from Commonwealth Bank of Australia, China Minsheing Banking Corp. Ltd. Hongkong Branch, Commerzbank and off-taker Trafigura Group.
Our general manager Liu Xiaohui, on behalf of our company, expressed welcome and thanks for the present representatives. Representative of Deutsche Bank Frank Wu and representative of ING Bank Jason Mai introduced preparations for the structured finance, respectively. They both said that the success of USD385 million syndicated finance last year helped the cooperation between Fangyuan and crediting banks to reach a higher level. This year, the innovation of finance mode would enhance Fangyuan’s influence in overseas market again. Representative of Trafigura Russell said that Trafigura and Fangyuan had kept favorable cooperation in different areas and Trafigura had participated in the structured finance projects of Fangyuan for many times and would support Fangyuan’s development as always.
Our deputy general manger Li Yujun introduced the recent production and operation situation, exchanged ideas and answered questions the banks interested in. Furthermore, representatives of banks also visited the production site of our new process and the international logistic center.
Deputy general manager Meng Xiangui and Guo Xuemin attended the meeting.