Xiaomi transmits $1bn financing into general

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By Shruti Chaturvedi
04 Sep 2014

Mobile phone maker Xiaomi launched its $1bn dual tranche loan into general on Tuesday afternoon, following a successful senior phase during which 17 banks joined for the bookrunner and mandated lead arranger title.

The deal offers banks three ticket levels and an early bird fee of 15bp for commitments before October 6. Lead arrangers need to commit a minimum of $30m for fees of 105bp. Arrangers need to commit between $20m and $29m for 85bp, while managers need to commit between ...

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