Chevalier upsizes loan to HK$350 million, finalises allocations

Chevalier upsized its five-year syndicated loan from HK$300 million to HK$350 million last week.

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.

Allocations were finalized yesterday Monday with BNP Paribas and DBS Bank committing HK$60 million each, while five other banks joined on the arranger level. Commitments of HK$42 million each were received from Bank of China, ICBC Asia, International Bank of Asia IBA and UFJ Bank. Bank of East Asia BEA pitched in with HK$36 million, while Jian Sing...

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