China XD Plastics opens $180m in senior

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By GlobalCapital
12 Jul 2016

Nasdaq-listed China XD Plastics Co has launched a $180m two year financing into senior syndication via a single mandated lead arranger and bookrunner.

Standard Chartered is leading the trade which offers lenders two levels of participation, said a banker away from the deal. MLABs committing a minimum of $50m earn 250bp in fees for 400bp all-in and MLAs committing $30m-$49m earn 215bp for 380bp all-in.

These are based on a margin of ...

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