Cosco Container LinesÆ $466.5 million 10 year dual tranche ship financing is set to complete syndication shortly. Bank of China, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, ING Bank and SG Asia are leading the deal.
Four banks have so far joined with a handful expected to revert by the end of the week. The loan is already oversubscribed.
The $129 million equivalent multi-tranche financing for Far Eastern Industries should reach financial close soon as the final banks complete their credit approvals. DBS Bank and HSBC are the mandated arrangers.
The facility has received a strong response and is oversubscribed with commitments from eight banks so far. The amount will not be increased....