China’s Jushi, Lepu make loan debuts

China skyscrapers Chongqing_Fotolia_230px
By Pan Yue
22 Oct 2019

China Jushi, which makes fibreglass, is seeking a $150m debut borrowing through sole mandated lead arranger and bookrunner Standard Chartered.

The company is paying a margin of 95bp over Libor for the 37 month bullet loan. Potential participants can choose from three ticket levels. MLAs committing $30m and above receive a 83.3bp fee for 122bp all-in, lead arrangers committing $20m to $29m make a 67.8bp fee for 117bp ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial