Banks drink up Emperador’s €405m loan

By Pan Yue
29 Nov 2019

Philippine brandy making company Emperador has closed a €405m borrowing with 13 lenders in the syndicate.

Mizuho and MUFG Bank were the mandated lead arrangers, bookrunners and underwriters for the facility. The five year bullet deal pays a margin of 105bp over Euribor, with all-ins from 111bp to 113bp.

The two lead banks retained €71m each on their books, according to a banker ...

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