Gunvor increases to $800m after finding strong demand
Bankers on Gunvor Singapore’s $650m dual-tranche loan will close syndication by the end of the week and plan to increase the deal size to as much as $800m depending on commitments.
The end amount has not been finalised yet, as the bookrunners are waiting to process two or three more pledges, said bankers close to the transaction.
The commodities trading companys loan is split into a one year tranche with a margin of 185bp over dollar Libor, and a
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