Prakash Chakravarti

While the demise of the bond issue was embarassing for Hutch (and its bankers), the present loan deal also has its fair share of controversies.

Loh will also oversee fixed income sales activities.

Edmund Koh heads the consumer banking franchise in Singapore, which has been reorganised into four business segments.

The financing comprises of a 12-year loan guaranteed by the Eximbank funding fund 85% of the net purchase price of the aircrafts.

Pricing on the bullet deal is tighter than previous borrowings, with proceeds to part repay convertible bonds.

Pricing on the current deal is almost half of the 68bp over Hibor that CRE Finance paid in June 2000.

Kexim has mandated six banks for its $300 million loan as KEB and KorAm close their deals with varying degrees of success.

Citibank has added to its global securities services with the appointment of Samuel Lau as vice president, regional sales and account manager for intermediaries in Asia.

Tee Wee Lim joins the firm''s research team in Singapore, while Hyunhee Chang joins the domestic equities sales team in Korea.

Proceeds from the facility will be utilized for working capital and part refinancing of an existing facility.