Chi Mei Optoelectronics Ningbo has launched a $180 million five year financing through mandated lead arrangers Banc of America Securities Asia, Calyon and HSBC. Parent company, Chi Mei Optoelectronics is acting as guarantor.
The loan pays a margin of 62bp over Libor and has an average life of 3.75 years.
Coordinating arrangers committing $20 million or above earn a participation fee of 18.75bp, with a top level all-in of 67bp. Arrangers providing $10 million to $19 million receive 13.125bp and senior managers pledging $5 million to $9 million gain 7.5bp.
The deadline for responses is March 10.
Mandated lead arranger Calyon will soon close the sub-underwriting phase of Tripod Wuxi ElectronicÆs $40 million...