Syndications closed for LG Chem $120 million FRN

General syndication for LG ChemÆs $120 million loan style-FRN has closed following good demand.

General syndication for LG Chem's $120 million loan style-FRN has closed following good demand. The deal was over-subscribed and mandated arrangers had to scale back allocations. ABN AMRO, Hanvit Bank and Kookmin Bank were the mandated arrangers for the deal, while Bayerische Landesbank Girozentrale joined as co-arranger.

The FRN issue is divided into three equal tranches of $40 million each with differing maturities. Tranche A, with a maturity of 2.5 years, pays a flat management fee of...

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