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If Lead Arranger Credit Suisse decides to invite 4 Co-Arrangers to jointly underwrite US$550m with a final-take of US$25 m each. No praecipium is payable

  1. If Lead Arranger Credit Suisse decides to invite 4 Co-Arrangers to jointly underwrite US$550m with a final-take of US$25 m each. No praecipium is payable but Arrangement fee is increased to 40 bp flat.The Arrangers will also invite Lead Manager and Manager to participate at US$25 m and US$15 m each respectively.Participation fee payable for US$25 m and US$15 m commitment is 50 bp flat and 30 bp flat respectively.Calculate the yield for each lender. Please include detailed working for calculation.

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