China

  • 24 Jan 2003
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The $60m equivalent five year fundraising for PFG (Kunshan) Co has been launched into general syndication by arranger Citigroup/SSB.

The deal is split between a $30m portion priced at 51bp over Libor and a $30m renminbi equivalent tranche paying 90% of the People's Bank of China lending rate.

Proceeds will finance the construction of a manufacturing plant in Kunshan by the borrower's joint owners - PPG Industries of the US and Nanyang Plastics Corp of Taiwan.

Responses are due in the first week of February.

  • 24 Jan 2003

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 2,454.09 9 13.89%
2 JPMorgan 1,441.26 6 8.16%
3 SG Corporate & Investment Banking 1,292.64 1 7.32%
3 Rabobank 1,292.64 1 7.32%
5 Bank of America Merrill Lynch 1,226.20 5 6.94%