Mercuria opens $980m loan with Covid premium

By Pan Yue
22 Sep 2020

Commodities company Mercuria has returned for its annual borrowing of $980m. This time, it is enticing banks with a 10bp Covid-19 premium on the loan margin and fees.

Eleven mandated lead arrangers and bookrunners launched the deal into syndication on September 17, and held a webinar on the same day. The MLABs are Bank of China, DBS, Emirates NBD, ING, Industrial and Commercial Bank of China, Mizuho, MUFG Bank, OCBC Bank, Rabobank, Société Générale and Sumitomo ...

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