Roll up, roll up! Sinopec opens $2.5bn loan to all

Chinese state-owned Sinopec Group has launched a $2.5bn loan into general syndication and is tapping a wide array of banks to raise the funds. In doing so, it is taking a markedly different approach to other recent borrowers that have stuck to their core banking group and opted for club deals, writes Rashmi Kumar.

  • By Rashmi Kumar
  • 22 Nov 2013
Sinopec, also known as China Petrochemical Corp, hit the market early this week with the five year deal, pricing it at 123bp over dollar Libor with all-ins ranging from 130bp to 140bp, according to bankers on the deal. The pricing drew plaudits, but loans bankers were just as ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%