TAL Education opens books for $200m loan

Textbooks 230x150
By Shruti Chaturvedi
12 May 2016

Chinese tutoring service provider TAL Education is looking to raise $200m from an overseas syndicated loan in its first visit to the market.

The New York-listed company has picked Deutsche Bank to arrange the borrowing. Invitations sent to lenders earlier this week offer three levels of participation.

Commitments of $30m or higher fetch 120bp in fees, commitments of $20m-$29m fetch 105bp and $10m-$19m fetch 90bp, said a source with knowledge of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial