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About seventeen lenders have come in for a piece of Noble Group's $2.25bn syndicated loan during general syndication. The facility's 15 leads held roadshows in Europe and North America, in addition to Asia, and the list of incoming banks reveals plenty of western liquidity.
Banks that have committed to the loan during general include Apple Bank for Savings, Banco Bradesco, Banco De Chile, Bank Hapaolim, BHF Bank Aktiengesellschaft, Commerzbank, Credit Suisse, Fifth Third Bank, Gulf International Bank, Habib Bank, Hana Bank, ING, Landesbank Baden-Wurttemberg, Mizuho, National Australia Bank, State Bank of India and Sumitomo Mitsui Banking Corp, according to a source.
They join original mandated lead arrangers and bookrunners Australia and New Zealand Bank, Bank of America Merrill Lynch, Bank of Tokyo Mitsubishi UFJ, Citi, Commonwealth Bank of Australia, DBS, Goldman Sachs, HSBC, Intesa Sanpaolo, JP Morgan, National Bank of Abu Dhabi, Rabobank, Societe Generale, Standard Chartered and United Overseas Bank.
Lenders flocked to the transaction, undeterred by a number of research reports that had criticised the...