7 Days keeps syndication small with just three invitations
The leads working on Chinese hotel chain 7 Days Group Holdings’ $120m loan are inviting only three banks to join as participants, in an attempt to keep the syndication small. The deal is already oversubscribed at the top level with no plans for a general launch, said a banker close to the deal.
Bank of East Asia and Yuanta Commercial Bank are two of the lenders that have been invited to join the five year deal, alongside one more Hong Kong bank, according to the banker.
All three have been asked to join as participants, with a minimum commitment of $10m:
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