Formosa heats up market with $700m

Formosa Plastics Group has launched a $700m five year loan into syndication, and has quickly hit the radars of Taiwanese bankers thanks to the margin of 200bp over dollar Libor.

  • By Rashmi Kumar
  • 27 Jan 2014

Australia and New Zealand Bank is the sole bookrunner and mandated lead arranger of the transaction, according to a banker.

The Taiwanese borrower is offering lenders four participation levels. MLABs committing $100m or more earn 25bp as fees, MLAs committing $80m or more earn 20bp, lead arrangers ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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  • 22 May 2017
1 Citi 41,255.30 117 12.99%
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