San Miguel launches into general

10 Apr 2013

San Miguel Corp’s $1.3bn five year loan was launched into general syndication on Thursday, with the leads offering lenders three different levels of commitments. The deal was already oversubscribed at the senior level, but the company plans to raise the size of the loan depending on how much demand it gets in general.

Mandated lead arrangers and bookrunners, Australia and New Zealand Bank and Standard Chartered, are giving lenders the option of joining the deal at three levels. Banks wanting to come in as MLAs need to commit $75m or more and will earn fees of 120bp. Those entering with a ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial