Loan Week, June 13-19

A roundup of the latest syndicated loan market news.

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.

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