Sinopec hits market for $2.5bn at 123bp

China Petroleum & Chemical Corp, or Sinopec, has launched its $2.5bn loan into general syndication, offering a margin that is 20bp higher than its last fundraising from 2011.

  • By Rashmi Kumar
  • 18 Nov 2013

The latest five year deal is priced at 123bp over dollar Libor, according to a banker on the transaction.

Lenders have four ticket levels to join. Lead arrangers committing $150m-$200m earn 90bp in fees, arrangers committing $100m-$150m get 80bp fees, lead managers coming in with $50m-$100m receive ...

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