Arrangers Agricultural Bank of China, Bayerische Landesbank, BNP Paribas, China Construction Bank, Standard Chartered and Sumitomo Mitsui Banking Corp have joined forces to launch the HK$3.8 billion $487 million five year refinancing for Hutchison Whampoa. The borrower will be a special purpose vehicle and the deal will carry a guarantee from the parent.
Invitations have been sent out to potential banks, which will earn an all-in of 51bps as underwriters. Once the senior syndication phase has been completed a decision will be made regarding general syndication.
The borrowers last deal was a $750 million five year facility raised to part finance the Eur1.3 billion acquisition of Netherlands-based retailer Kruidvat Group...
