Banks roll into Sinopec loan before commitment deadline

China Petroleum & Chemical Corp (Sinopec) is looking to increase a $3.8bn loan after attracting three banks so far in syndication. But as the deadline for commitments looms on Friday, bankers predict a struggle between the borrower and underwriters over the final size of the deal.

  • 14 Apr 2011

Westpac and OCBC have joined as mandated lead arrangers, taking $250m each, and Société Générale has committed $30m as an arranger. "A couple" more banks are still considering the loan, said bankers, but the leads are already concerned that the borrower will increase it at their expense.

"The borrower ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Wells Fargo Securities 1,276.60 4 13.30%
2 RBC Capital Markets 801.51 2 8.35%
3 China Merchants Securities Co Ltd 788.68 2 8.21%
4 Citi 783.55 4 8.16%
5 Everbright Securities Co Ltd 708.94 1 7.38%