date:May 29, 2014
ition loans for Chinese state-owned companies COFCO Corp, China's largest grain trader, and steel producer Baosteel Group Corp.
Bright Food was not immediately available for comment.
The Chinese state-owned companies are raising syndicated US dollar-denominated loans in Hong Kong after tightening Chinese liquidity in 2013 made internationally-syndicated offshore loans cheaper than onshore loans.
State-owned Chinese companies have raised $2.6 billion of loans so far this year, with another $11