April 5, 2018 / 5:31 AM / a year ago

Chemchina's Syngenta mandates banks for $4.8 bln financing round

ZURICH, April 5 (Reuters) - Chemchina's Syngenta is looking to raise up to $4.8 billion through the issuance of senior bonds and a potential banking loan to help finance the Chinese company's $43.5 billion acquisition of the Basel-based unit completed last May.

The agricultural unit on Thursday said it had mandated banks BNP Paribas, Citi, Credit Suisse and HSBC to arrange a series of fixed income investor meetings beginning April 9.

Chief Financial Officer Mark Patrick in February said the unit aimed to sell around $5 billion in bonds after clinching a settlement with U.S. farmers who had sued over genetically engineered corn. (Reporting by Brenna Hughes Neghaiwi)

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