Beijing Sanlitun North Property Management and Beijing Sanlitun South Property Management have inked a Rmb2.4 billion three-year term loan through mandated lead arrangers BNP Paribas, HSBC and Standard Chartered Bank.
The debt package is split evenly into two tranches.
Final allocations saw HSBC and Standard Chartered pledge Rmb557 million each while BNP Paribas lent Rmb467 million. Arrangers Hang Sang Bank and OCBC joined in with Rmb226 million and Rmb181 million, respectively. Bank of Tokyo-Mitsubishi UFJ, Credit Agricole, DBS, Mizuho and SMBC concluded the syndicate with Rmb90 million apiece.
Proceeds are to refinance an existing Rmb2.7 billion loan signed...