CP All’s jumbo $6bn loan lifts mood for big Thai deals

Thai convenience store operator CP All made waves in the market this week, picking five banks to arrange a jumbo $6bn bridge loan for its planned acquisition of retailer Siam Makro. It is a big deal for a Thai borrower to pull off, but bankers are confident that it will be completed without a hitch, and also encourage more companies in the country to think big, writes Rashmi Kumar.

  • 26 Apr 2013

CP All, which is part of Thai billionaire Dhanin Chearavanont’s Charoen Pokphand Group, said this week that it had offered to buy Sian Makro, a cash-and-carry chain, for Bt787 ($27.4) per share.

It has already entered into an agreement with SHV Holdings, the majority shareholder of Makro, to ...

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