Fortune Oil closes three year borrowing at $430m

Oil pipeline 230x150
By Pan Yue
14 Sep 2018

Fortune Oil PRC Holdings has boosted its borrowing to $430m after attracting 10 participants during syndication.

The deal, which had an initial size of $400m, was led by sole mandated lead arranger and bookrunner UBS. The Swiss bank had a final hold of $50m on its book, according to a source close to the situation.

Five lenders joined the MLAB level during syndication. ...

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