Citic Telecom gets two pledges, cuts loan size

Two commitments have come in for Citic Telecom International’s $630m loan, after the company reduced the deal size once again. This time it has cut the size by $200m, opting to raise funding with a rights issue.

  • 23 Apr 2013

Oversea-China Banking Corp has made a pledge of $50m, following a commitment of $100m from Industrial and Commercial Bank of China (Macau), according to a banker close to the deal.

One more lender has also pledged between $30m and $50m to the loan, and is going through ...

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2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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5 Credit Suisse 69,442.99 183 6.57%