Shanshui builds $300m debut in market

cement kiln
By Rashmi Kumar
15 May 2014

China Shanshui Cement has made its debut in the syndication market, launching into general a $300m three year facility for its refinancing needs.

Deutsche Bank, HSBC and JP Morgan are the bookrunners and mandated lead arrangers, pricing the deal at 330bp over dollar Libor, according to bankers.

They have opened up four levels to participants. MLAs committing $40m or more earn 200bp in fees for an all-in of 405bp, lead ...

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