San Miguel guzzles up demand, still wants more

02 Apr 2013

San Miguel Corp’s $1.3bn five year loan has already been more than twice covered after a round of senior commitments. But the leads are not planning to stop now, and will soon be launching the deal into general syndication — as well as pushing for an increase, writes Rashmi Kumar.

Australia and New Zealand Bank and Standard Chartered are the mandated lead arrangers and bookrunners, and have been joined by seven other lenders that have committed the $300m necessary to win the MLAB title, as well as pulling in an $80m commitment from Rabobank, said bankers working on ...

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