Kingboard woos 11 banks, plenty more lined up
Bankers working on Kingboard Chemical Holdings’ HK$4bn ($515.6m) loan have already received commitments from 11 banks. But they are not planning to stop there — and are now waiting for 20 more lenders to join the deal.
Bookrunners DBS and Standard Chartered are giving banks until the end of this week to make their commitments, an extension from the original deadline of February 22, said a banker close to the deal.
The leads pitched the loan at 215bp over Hibor and have received pledges of
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