COLI registers a stunning success

Following over-subscription to the tune of HK$2 billion, the deal was upsized to HK$1.8 billion and closed last week.

China Overseas Land Investment COLI has registered a success for its HK$1.2 billion $154 million syndicated loan facility. Following over-subscription to the tune of HK$2 billion, the deal was upsized to HK$1.8 billion and closed last week. Signing is scheduled for July 23.

COLI will use the proceeds from the loan to refinance a $160 million loan that matures in September 2002. The five-year loan, tapped in September 1997, paid a spread of 100bp over Libor for...

To continue reading, please login or register for free

Click for more on: coli | registers | stunning | success

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...