Loan week, January 9-15
A roundup of the latest syndicated loan market news.
Nanjing Walsin MetalÆs Rmb280 million one-year revolver has been completed via mandated lead arranger and bookrunner BNP Paribas.
The bookrunner provided Rmb112 million, while lead arrangers Oversea-Chinese Banking Corp and United Overseas Bank took Rmb104 million and Rmb64 million respectively.
Guaranteed by the Taiwan parent company, Walsin Lihwa Corp, the deal pays a spread of 105% of the six-month PBOC rate and has a commitment fee of 15bp if the usage is less than 50%.
Proceeds are to extend...
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