CRE FinanceƆs loan deal launched

Pricing on the current deal is almost half of the 68bp over Hibor that CRE Finance paid in June 2000.

At last the hotly contested loan deal for CRE Finance Hong Kong was launched into general syndication yesterday. Bank of China, Bayerische Landesbank, BNP Paribas, Credit Lyonnais, HSBC, Hang Seng Bank, Industrial and Commercial Bank of China and Standard Chartered are the mandated arrangers for the dual tranche HK$3 billion loan deal, which was launched directly into general syndication.

Bank of China, Credit Lyonnais, HSBC and Standard Chartered are the bookrunners for the deal, which features a bullet repayment. Bayerische Landesbank is the documentation agent, while HSBC is the facility agent. General syndication closes on October 8 with signing scheduled for mid-October.

The deal comprises of two tranches - a term loan Tranche...

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