ASIA-PACIFIC

摘要

Five mandated lead arrangers and bookrunners have launched a US$600m 3.5-year term loan for china hongqiao group. The five are ANZ, Credit Agricole, HSBC, ING Bank and RBS and the facility is split equally into tranches A and B. Parent Shandong Hongqiao New Material is the guarantor on tranche A, which has a margin of 350bp over Libor. Tranche B offers 390bp over Libor. The average life is three years. Banks are being offered a blended all-in of 445bp, via a 225bp upfront fee, for commitments of US$50m or more, and the MLA title; a blended all-in of 440bp, via a 210bp fee, for US$30m-US$49m, and the lead arranger title; a blended all-in of 420bp, via a 150bp fee, for US$20m-US$29m, and the arranger title; and a blended all-in of 410bp, via a 120bp fee, for US$10m-US$19m, and the senior manager title.