Coordinating arrangers Industrial and Commercial Bank of China Asia, Agricultural Bank of China, WestLB AG and China Everbright Bank launched a $238 million transferable loan certificates facility for Cosco Hong Kong Group into general syndication last week. Syndication is slated for close on October 22 with signing scheduled for mid-November.
The facility is split into two tranches of five-year Tranche A and 6.5 year Tranche B maturities paying a margin of 120bp and 138bp respectively. Tranche A pays arrangers with $15 million or above a front-end fee of 50bp all-in of 130bp, while lead managers and senior managers receive 35bp all-in of 127bp and 25bp all-in of 125bp for commitments of $10-$19...
