Man-Made solution: fibre maker eyes loan for capex

Taiwan Cooperative Bank launched China Man-Made Fiber Corp’s NT$6bn ($196m) seven year loan into general syndication last week and is targeting only domestic lenders to raise demand for the deal, after pricing it at 105bp over Taiwan’s secondary CP rate.

  • 21 Mar 2013

The lead is giving lenders until April 12 to make their commitments for the multi-tranche facility. The company will use some of the money to repay an existing loan, but the rest will go to meet its capital expenditure needs, according to a banker familiar with the loan.

The ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.11%
2 Bank of America Merrill Lynch 92,153.61 267 12.17%
3 Wells Fargo Securities 72,661.39 222 9.59%
4 JPMorgan 52,367.24 169 6.91%
5 Credit Suisse 41,885.89 127 5.53%