TCCI chooses general over club for $1bn loan

Taiwan cement corp
By Rashmi Kumar
08 May 2014

After speculation that Taiwan Cement Corp International (TCCI) would close its $1bn five year fundraising as a club deal, the borrower did a U-turn last week by launching the loan into syndication.

Australia and New Zealand Bank, BNP Paribas, DBS and Mega International and Commercial Bank are the bookrunners and mandated lead arrangers, according to a banker.

Priced at 135bp over dollar Libor, the loan is offering lenders three participation tickets. MLABs committing $150m or more earn 45bp in fees, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial