After the cancellation of a HK$10.3 billion fundraising late last year, IFC Development is returning to the market to raise HK$14.8 billion. The five year facility, set to be Hong KongÆs largest syndicated loan, has been fully underwritten by the mandated arrangers and was launched into general syndication last week.
Mandated arrangers are ABN AMRO, BNP Paribas, Bank of China Hong Kong, Bank of Communications, Bank of East Asia, BayernLB, Bank of Tokyo-Mitsubishi UFJ, Calyon, China Construction Bank, Citigroup, DBS, Fortis, Hang Seng Bank, HSBC, ICBC Asia, Mizuho Corporate Bank, Rabobank, Societe Generale and SMBC.
The jumbo loan carries a margin of 37bp...
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