Taiwan targeting pays off as Citic doubles to $400m
Chinese commodities company Citic Resources Holdings is doubling the size of a mooted loan to $400m, and has stopped taking commitments for the deal.
The company found demand almost exclusively from Taiwanese lenders, and attracted those banks after offering a juicy premium to a recent comparable.
It picked four Taiwanese banks and one Japanese lender to manage the deal in August and they turned entirely to Taiwanese lenders.
The main pitch was clear: the ...Already a subscriber? Login