SMIC Shanghai completes $600 million term loan facility

By Reshmi Basu

New York, June 8 - Semiconductor Manufacturing International Corp. (SMIC) said it closed a $600 million five-year secured term loan facility, which so far this year has been recorded as the largest syndicated loan closed in China.

"This represents SMIC's debut in the international syndicated loan markets and we are very pleased that we have received overwhelming support from a large number of international and PRC banks," said Richard R. Chang, chief executive officer of SMIC, in a news release.

The consortium of banks included ABN Amro Bank NV, Bank of China (Hong Kong) Ltd., Bank of Communications, The Bank of Tokyo-Mitsubishi UFJ, Ltd., China Construction Bank, DBS Bank Ltd., Fubon Bank (Hong Kong) Ltd., Industrial and Commercial Bank of China and Shanghai Pudong Development Bank.

China Construction Bank acted as the facility agent.

SMIC is a Shanghai, China-based maker of made-to-order microchips

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