Loan Week

Loan Week, July 13-19

A roundup of the latest syndicated loan market news.

Hong Kong

BAIC Hong Kong Investment Corp has sealed a $235 million-equivalent financing through mandated lead arrangers and bookrunners Bank of China, Bank of Communications, Chinatrust Commercial Bank, Fubon Bank, J.P. Morgan, Korea Development Bank, Natixis, Standard Chartered and Wing Lung Bank.

Guaranteed by BAIC Motor Corp, the deal is available in both US dollars and Hong Kong dollars, and offers a margin of 285bp over Libor and Hibor respectively.

Syndication saw Dah Sing Bank, Hua Nan Commercial Bank and Mega International Commercial Bank join in as lead arrangers while Bank Sinopac and Chang Hwa Commercial Bank came in as senior managers.

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