Petronas Chemicals signs $1bn bridge loan

Malaysian state-owned oil and gas company Petronas’s chemicals unit has signed a bridge loan for $1bn as part of the conditions of its divestment agreement with Saudi Aramco.

  • By Bianca Boorer
  • 20 Mar 2018

On October 2, Petronas Chemicals, a subsidiary of Petronas, announced that it had signed a share purchase agreement with Aramco Overseas Holdings Coöperatief (AOHC), a subsidiary of Saudi Aramco, to sell 50% of its polymers business PRPC Polymers.

The agreement involved the divestment of 50% of equity ...

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Global Syndicated Loan Volume

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2 Bank of America Merrill Lynch 407,428.17 1306 9.70%
3 Citi 256,394.78 746 6.10%
4 Wells Fargo Securities 230,857.01 856 5.50%
5 MUFG 185,006.91 1048 4.40%

Bookrunners of Middle East and Africa Loans

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3 JPMorgan 6,612.85 15 6.99%
4 HSBC 6,299.76 16 6.66%
5 Mizuho 5,728.41 17 6.06%

Bookrunners of European Leveraged Loans

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1 BNP Paribas 19,416.85 91 7.59%
2 JPMorgan 16,386.55 57 6.40%
3 Deutsche Bank 15,760.57 59 6.16%
4 Credit Agricole CIB 14,532.27 68 5.68%
5 Goldman Sachs 14,155.41 61 5.53%

Bookrunners of European Marketed Syndicated Loans

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1 BNP Paribas 48,550.02 206 6.54%
2 JPMorgan 46,311.15 105 6.24%
3 UniCredit 40,595.43 182 5.47%
4 SG Corporate & Investment Banking 38,348.83 146 5.17%
5 Credit Agricole CIB 38,097.35 189 5.13%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%