7 Days syndication back on after delay

Chinese hotel chain 7 Days Group Holdings had been planning to launch its $120m five year loan into senior syndication early last week, but after hitting what bankers said were a few admin hiccups, the deal was delayed. But the leads are now planning to push ahead with the deal before they leave for the Easter holidays.

  • 26 Mar 2013
The bookrunners say they have already drummed up plenty of demand, although no banks have yet made firm commitments. Four banks have already made ‘close-to-firm’ commitments to join as mandated lead arrangers, said a banker familiar with the deal, and at least four more are considering the loan. ...

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2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
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4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%