ifc-sets-a-new-benchmark-in-hk-dollar-financing

IFC sets a new benchmark in HK dollar financing

At HK$17.4 billion, the loan is the largest ever done in Hong Kong.

By FinanceAsia & Dealogic

March 12, 2007

A HK$17.4 billion fundraising for IFC Development Corp Finance was signed on March 12 via a syndicate of 33 banks, marking the largest ever Hong Kong dollar syndicated loan on record. The loan financing met with an overwhelming response from the market and the amount was increased from HK$14.8 billion.

The five-year loan was bookrun by 11 banks û Bank of China, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Calyon, Citigroup, DBS Bank, Fortis Bank, HSBC, Mizuho Corporate Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp. The top heavy mandated lead arranger group comprised a total of 19 banks.

The facility surpasses Henderson LandÆs HK$13.4 billion loan signed in July...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

#ifc