CIMC launches $300m loan, eyes next year for closing

23 Nov 2011

China International Marine Containers (CIMC) launched a $300m loan this week, picking three bookrunners to take the deal into syndication until early next year.

HSBC, ING and Standard Chartered are managing the 3.25 year loan, which will be guaranteed by CIMC Group. The company is offering potential lenders a margin of 230bp over Libor, and a 280bp all-in at the lead arranger level.

Banks can get a mandated lead arranger slot by committing ...

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