Shanghai Industrial InvestmentÆs HK$2 billion loan launched into general syndication

The five-year bullet deal, comprising of a revolver for the first 18 months and a term loan for the remainder of the facility, is priced at a margin of 48bp over Hibor.

The inclement weather in Hong Kong last week certainly did not dampen the enthusiasm of loan syndication teams at Bank of China, HSBC, ICBC, Hang Seng, SG WestLB. Having been mandated to lead arrange a HK$2 billion five-year term loan for Shanghai Industrial Investment Holdings SIIH, they launched the deal into general syndication last Friday. SG is the publicity agent for the transaction. General syndication will close on August 23.

Proceeds from the loan...

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