The largest syndicated loan completed in Southeast Asia year-to-date
Charoen Pokphand Group has signed a $2.4 billion equivalent four-tranche facility through joint bookrunners and mandated lead arrangers Krung Thai Bank Public and Siam Commercial Bank. The financing is divided into two Bt19.8 billion $529 million tranches and two $636 million tranches.
Syndication saw CIMB Bank and Maybank Kim Eng Securities come in as mandated lead arrangers while Bank of Ayudhya, Export-Import Bank of Thailand, Government Savings Bank, ICBC, Mizuho Bank, Rabobank, Thanachart Bank and United Overseas Bank joined in as lenders. Proceeds are to repay existing indebtedness and for future investment.