Loan week, Aug 27-Sept 2

A roundup of the latest syndicated loan market news.

Hong Kong

Citic Pacific’s HK$4.8 billion five-year revolvingterm credit facility was launched into syndication on September 1 via bookrunners Bank of China, HSBC and Standard Chartered Bank. The loan was upsized from HK$3.0 billion.

Eight banks have committed to join at the top -- Agricultural Bank of China, ANZ, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, China Construction Bank, Hang Seng Bank, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp.

Proceeds are for refinancing and working capital purposes. Banks have until September 21 to revert.

A HK$2.2 billion financing for Prosperity Reit, borrowed via Progain Group, was sealed in mid-August via bookrunners Standard Chartered Bank and Sumitomo Mitsui...

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