Beijing Sanlitun North Property Management, Beijing Sanlitun South Property Management and Beijing Sanlitun Hotel Management have obtained a Rmb2.7 billion three-year term loan through bookrunners BNP Paribas, HSBC and Standard Chartered Bank.
Final allocations saw the bookrunners, HSBC and Standard Chartered Bank, pledge Rmb533 million each while BNP Paribas came in with Rmb433 million. Arrangers Hang Seng Bank took Rmb250 million while Nanyang Commercial Bank and OCBC committed Rmb200 million each. Citibank lent Rmb150 million and Bank of Tokyo-Mitsubishi UFJ, Credit Agricole, DBS Bank and SMBC held Rmb100 million apiece.
The loan is guaranteed by Swire Properties. Proceeds are to refinance...