Kingboard Chemical successfully secured a HK$4.8 billion loan last Friday through bookrunners Citi, HSBC and Standard Chartered. The fully underwritten deal was oversubscribed and upsized from HK$4 billion.
Guaranteed by Kingboard Investments, the five-year debt package is split equally into a term loan and a revolver.
Final allocations saw the leads take HK$450 million each while ANZ, Bank of Tokyo-Mitsubishi UFJ, SMBC and UOB came in as mandated lead arrangers with HK$415 million each. Arrangers Fubon Bank, OCBC and Taiwan Cooperative Bank lent $200 million each while senior manager Bank of Taiwan pledged HK$150 million....