loan-week-march-27april-2

Loan week, March 27-April 2

A roundup of the latest syndicated loan market news.

China

A HK$500 million equivalent dual currency financing for Beijing Enterprises Holdings was closed on March 27 via a consortium of seven banks on a club basis.

The fundraising is split into HK$385 million and $15 million term loans that pay a spread of 140bp per annum.

Mandated lead arranger Seng Heng Bank committed HK$100 million, while Calyon and Mizuho Corporate Bank each took HK$80 million. Agricultural Bank of China and Natixis held HK$75 million and HK$50 million respectively. For the US dollar portion, Bank of Beijing provided $10 million while Malayan Banking contributed $5 million.

Proceeds are for working capital and capital expenditure purposes.

Hong Kong

China Resources...

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