Sinopec deadline approaches for ‘unique’ proposals request

Hong Kong’s leading banks will present China Petroleum & Chemical Corp (Sinopec) with their suggestions for a $3.8bn five year loan tomorrow, after grappling with a request for proposals that lacked price targets, commitment sizes or a decision on syndication.

  • 17 Feb 2011

The company approached around 10 banks regarding the financing in January, but opted to remain silent on some key terms, leaving bankers floundering to arrive at appropriate pitches that would give them a chance of winning the deal without leaving their banks dangerously exposed.

"The borrower is looking to ...

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.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%