Chongqing allocates upped $187.5m loan to 10 banks
Bankers working on Chongqing Grain Group’s $187.5m three year loan have finalised allocations, with signing scheduled for mid-June. The company increased the loan size from the original $150m, after it was oversubscribed.
A group of nine banks joined the deal in general syndication, with lenders offered a margin of 280bp over dollar Libor. First Commercial Bank and Rabobank are lead arrangers and were allocated $20m each for fees of 55bp.
Among senior managers, Chinatrust Commercial Bank received the largest allocation of
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