CP Group’s acquisition loan open in senior

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By Pan Yue
27 Mar 2020

Charoen Pokphand Group has invited banks to join a $7.5bn dual-currency loan in senior syndication. The deal will support the Thai conglomerate’s acquisition of Tesco’s Asia business.

JP Morgan, Siam Commercial Bank and UBS are the mandated lead arrangers and bookrunners for the bridge loan, which has a tenor of less than two years, according to sources.

The minimum commitment to join the senior syndication is $1bn. The early bird commitment deadline is the ...

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