Loan week, October 17-23
A roundup of the latest syndicated loan market news.
A Rmb1 billion three-year term loan for East Hope Group is in the process of being syndicated via mandated lead arranger Calyon.
The deal pays a margin of 110% of the PBOC rate and will be used by the animal feed and aluminum manufacturer to finance supply purchases.
Banks have been invited on four levels. At the mandated arranger level, banks underwriting Rmb200 million or above receive a participation fee of 90bp. Lead arrangers coming in with Rmb150 million...
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