China

  • 24 Jan 2003
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The $60m equivalent five year fundraising for PFG (Kunshan) Co has been launched into general syndication by arranger Citigroup/SSB.

The deal is split between a $30m portion priced at 51bp over Libor and a $30m renminbi equivalent tranche paying 90% of the People's Bank of China lending rate.

Proceeds will finance the construction of a manufacturing plant in Kunshan by the borrower's joint owners - PPG Industries of the US and Nanyang Plastics Corp of Taiwan.

Responses are due in the first week of February.

  • 24 Jan 2003

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 73,870.92 208 13.32%
2 Bank of America Merrill Lynch 64,298.92 202 11.59%
3 Wells Fargo Securities 55,583.74 178 10.02%
4 JPMorgan 40,447.01 140 7.29%
5 Credit Suisse 30,239.23 97 5.45%