Taiwan targeting pays off as Citic doubles to $400m

16 Nov 2012

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 ...

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