BRIEF: Ecom Agro launches Asian syndication

09 Mar 2011

Swiss commodities company Ecom Agroindustrial Corp has launched a $125m loan to target Asian banks.

DBS and Standard Chartered are running Ecom’s one year revolving credit facility which will pay lenders a margin of 175bp over Libor. Banks are invited to commit by March 28.

Ecom last tapped the market in October when it raised $220m in the US from a one year revolver ...

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