Uni-President closes first dual-reference CNH loan

05 Jul 2012

Uni-President China, the subsidiary of a Taiwanese food company, has closed a Rmb1bn ($157.3m) offshore renminbi loan, increasing the deal from its original target — and becoming the first borrower to reference two offshore renminbi offer rates.

HSBC and UOB were bookrunners and mandated lead arrangers of the three year deal, and took Rmb200m each. The rest was split between the six extra banks that joined in syndication.

Bank of America Merrill Lynch, Chinatrust Commercial Bank, Crédit Agricole and Mizuho came in as mandated lead ...

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