Mindray loan leads expect strong demand
Deutsche Bank and Mega International Commercial Bank have launched Mindray Medical’s $175m three year loan into general syndication, and are giving lenders until mid-March to make their commitments.
The leads have priced the Chinese companys deal at 265bp over dollar Libor and are expecting strong demand for the loan. The medical equipment maker will use the funds raised for general corporate purposes and to refinance an old loan, said a banker familiar with the deal.
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