Lead arrangers of the $2.6bn loan package for Bacardi -- Goldman Sachs, Barclays. Citibank, Bank of Nova Scotia, Den Danske, Deutsche Bank, JP Morgan, NationsBank and Santander -- have closed general syndication and signed the deal. The deal has been one of the most successful and impressive transactions of the year. In senior syndication a massive $5.75bn was raised, showing the depth of demand. The success is all the more impressive considering the pricing -- which ranges between 25bp and 45bp over Libor -- attracted criticism when it came out.
July 03, 1998