The deal was led by BNP Paribas as sole bookrunner, with Arab African International Bank, China Trust Commercial Bank, Mega International Bank, Royal Bank of Scotland and Taiwan Co-operative Bank joining the syndication at a senior level.

The deal has a margin of 125 basis points over the London interbank offered rate (Libor) and banks could come in on the deal with between $15m and $5m each.

The company, which was established in 1968, launched the deal into the syndication market in early June and it took until early October to close the financing.