Korea Exchange Bank last week awarded the mandate for a $150 million two-year loan to Credit Lyonnais, Natexis Banque Populaires, Standard Chartered and Sumitomo Mitsui Banking Corporation. Along with LB Kiel, joining as coordinating arranger, the banks launched the deal into general syndication late last week on August 29. The deadline for closing of the deal is September 18.
The two-year deal pays a margin of 20bp over Libor. Banks participating in the transaction as co-arrangers with commitments of $10 million or above are offered all-in of 40bp. On the lower levels, lead managers and senior managers receive all-in of 39bp and 38bp for commitments of $5-$9 million and $2-$4 million respectively.
According to figures...
