Giant Interactive's $850m buyout loan launched

An $850 million buyout loan for Chinese online games company Giant Interactive was launched into general syndication on Wednesday. The five-year loan is underwritten by seven banks -- China Minsheng Banking, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, ICBC International and JP Morgan -- which have invited other banks to participate.

There are three tickets. For a mandated lead arranger title, banks have to commit $50 million or above and the all-in pricing, including fees and margin, is Libor plus 529bp. Lead arrangers have to commit between $35 million and $49 million for an all-in pricing of Libor plus 514bp and arrangers have to commit between $20 million and...