Hopewell comes back

Following a 10 year hiatus, Sir Gordon Wu''s flagship looks to the loan market for funds.

Hopewell Holdings is looking to raise HK$2.5 billion $320 million five-year credit. Bank of China, China Construction Bank and Citigroup won the mandate and launched the deal into general syndication earlier this week. Invitations have been sent out offering a margin of 45bp for an all-in yield of 53bp to banks committing at the top tier. This is significantly less then the 86bp paid out on its last publicly syndicated deal, a $108 million financing - however this was...

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