Sole lead arranger HSBC will soon be closing syndication of Long Chen Zhejiang Paper FactoryÆs $47 million equivalent dual tranche term loan. Although the facility is already oversubscribed, a few more banks have yet to revert.
The five year deal, which has an average life of 4.1 years, pays a margin of 82.5bp over Libor on the US dollar tranche with a commitment fee of 15bp, while the RMB portion is priced at 90% of the PBOC rate.
A top level all-in of 86.2bp is offered to banks joining as arrangers with commitments of $15 million or above.
Syndication of Tianrui CementÆs RMB3 billion multi-tranche LBO facility has closed. China Construction...