Chase Manhattan to arrange HK$3.3 billion Disney loan

Chase Manhattan Bank has been appointed one of two lead arrangers in respect of a HK$3.3 billion ($423 million) non-recourse loan for Hong Kong International Theme Parks (HKITP), which is building a Disney theme park at Penny's Bay on Lantau Island. The facility will comprise a HK$2.3 billion 15-year loan and a HK$1 billion revolving credit facility, say market sources. HSBC is rumoured to be the second lead arranger involved in the deal.