Golden Bridge increases, allocates dollar loan
Golden Bridge Corp has generated enough demand for its debut syndicated loan to increase the size of the deal to $87m, well above the $50m it was originally aiming for. The loan has now been allocated, and seven banks have received a slice of the deal.
Mega International Commercial Bank and Taishin International Bank took the deal into general syndication, pitching it with a margin of 180bp over dollar Libor, according to a banker close to the loan.
The deal consisted of a $70m tranche and a Rmb105m ($17m) piece, and attracted commitments from
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