Uni-President references two in new step for offshore Rmb loans

Uni-President China, the subsidiary of a Taiwanese food company, is making history in the offshore renminbi market by becoming the first borrower to reference its pricing to more than one bank’s offered rate. But most loans bankers think there is little chance of any deal referencing the eight-bank CNH Hibor rate before the end of the year.

  • 08 May 2012
There have only been a handful of offshore renminbi loans so far, and they have all referenced the offer rate of a single bank. But for its planned Rmb600m ($95mm) deal, Uni-President will pay a margin of 150bp over the average of the offshore renminbi rates offered by ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

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

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
5 Lloyds Bank 4,420 14 6.61

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%