SM Investments nets 12 in general for $300m loan

A group of 12 banks have joined SM Investments Corp’s $300m five year loan, with syndication now closed. Although the deal is oversubscribed when taking into account the bookrunners’ commitments, the loan is unlikely to increase, according to a banker working on the transaction.

  • By Rashmi Kumar
  • 30 Sep 2013

The 12 lenders have collectively committed $270m, adding to the pledges made by original bookrunners and mandated lead arrangers Bank of Tokyo Mitsubishi-UFJ, CTBC Financial Holding and Standard Chartered.

But despite the oversubscription, the Philippine company will not raise the deal size as it is already pre-funded, ...

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2 Rabobank 15.11
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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%