Lenders feel the squeeze as CLP sounds out refi

CLP Holdings, the Hong Kong electricity company, is aiming for what one banker called "eye-watering" pricing on a HK$6bn ($773m) five year loan, in a further sign that Asian borrowers are squeezing margins as confidence returns to the loan market.

  • 04 Mar 2010
CLP began sounding out banks this week over a deal it will use for refinancing purposes. Although no term sheet has been released, CLP is mooting all-in pricing of around 70bp for the five year loan, said bankers close to the borrower."It’s pretty remarkable," said a loans banker ...

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
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%