AU Optronics is seeking $300 million five to seven year money from the market for its PRC subsidiary. A number of offshore banks are said to be bidding for the deal with a mandate to come by mid-March.
A $500 million five year financing for China Development Bank was launched into syndication on Monday via sole bookrunner HSBC. Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Calyon, DBS Bank, ING Bank, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp have been brought on board as coordinating arrangers.
The deal carries a spread of 30bp over Libor and fees to the market are on three levels. Arrangers committing $25 million and above earn 35bp flat,...
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