THAILAND

摘要

CP MERCHANDISING, a wholly owned unit of Charoen Pokphand Foods, is seeking its loan market debut through a three-year borrowing of up to US$500m. Deutsche Bank is the sole mandated lead arranger and bookrunner of the facility, which has been launched into senior syndication. The deal pays an interest margin of 270bp over Libor and will fund general corporate purposes. Sponsor CP Foods is providing a letter of comfort, while convenience store operator CP All will provide support through a pledge of shares.