CP All eyes bond-loan refinancing package
Thai retailer CP All is refinancing the jumbo $6bn bridge loan taken in May this year, using a combination of local currency bonds and loans, as well as a US dollar loan package.
The company will issue the Thai baht bond imminently, which is likely to be equivalent to $1bn, according to a banker close to the deal.
CP All will then follow this up with a loan package, involving both a local currency tranche and a US dollar portion.
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