Chevalier upsizes loan to HK$350 million, finalises allocations

Chevalier (HK) upsized its five-year syndicated loan from HK$300 million to HK$350 million last week. The deal was oversubscribed to the tune of HK$500 million when syndications closed. BNP Paribas and DBS Bank were the coordinating arrangers and joint bookrunners for the deal, which featured a spread of 72bp over Hibor.