Far East Horizon has secured a $390 million-equivalent dual currency three-year term loan through sole bookrunner and mandated lead arranger DBS.
The facility was upsized from $120 million-equivalent and is split into a HK$504 million tranche and a $325 million portion. The margin is 280bp over Hibor and Libor for the HK$ tranche and the $ tranche respectively.
Final allocations saw the lead commit $50 million while mandated lead arranger Bank of China provided HK$270 million. Tai Fung Bank pledged HK$234 million while Bank of Tokyo-Mitsubishi UFJ, Bank of East Asia, First Gulf Bank, Shanghai...