Zhengtong offers flat pricing for quick loan comeback

Automobile Production 230x150
By Pan Yue
26 Sep 2018

Luxury auto dealership China Zhengtong Auto Services is seeking an up to $150m three year loan, offering banks margin and fees that are identical to a borrowing sealed in January.

Taiwan Cooperative Bank is the sole mandated lead arranger and bookrunner of the new fundraising. The deal was launched into general syndication last Friday, according to a banker who has received the invitation.

The term loan has an initial size of $100m with a $50m greenshoe option. ...

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