WharfÆs HK$4.5 billion loan launched into general syndication

Proceeds from the current deal will repay a five-year loan of similar amount tapped by the borrower in June 2000.

General syndication was launched earlier this week for Wharf Holdings HK$4.5 billion five-year term loan. The coordinating arrangers for the deal are a group of 11 banks - ABN AMRO, Bank of China, BNP Paribas, CitibankSSB, Commerz East Asia, Hang Seng Bank, ICBC, Rabobank, Societe Generale, Standard Chartered and Sumitomo Mitsui Banking Corporation SMBC. Commerz East Asia is the publicity agent for the transaction. Syndication closes on July 24.

The borrower is Wharf's...

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