Chase Manhattan to arrange HK$3.3 billion Disney loan

Chase Manhattan has been appointed one of the two lead arrangers for a HK$3.3 billion loan for Hong Kong''s Disney theme park. HSBC is rumoured to be the other lead arranger.

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.

HKITP is a joint-venture between the Hong Kong government and Walt Disney Co, which have respective stakes of 57% and 43%. The estimated cost of contructing the theme park is HK$14.1 billion, of...

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