China
Shimao Property has sealed a $737 million-equivalent four-year term loan through mandated lead arrangers Bank of East Asia, China Citic Bank, Credit Suisse, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, SMBC, Standard Chartered and Tai Fung Bank on a club basis.
The transaction is split into a US$665 million tranche and a HK$555 million portion, priced at 330bp over Libor and Hibor, respectively.
Proceeds are to refinance maturing bonds.
Hong Kong
CLP Power Hong Kong has inked a Y26 billion three-year term loan through joint bookrunners Bank of Tokyo-Mitsubishi UFJ and Mizuho.
...
