Loan Week, May 23-29

A roundup of the latest syndicated loan market news.

China

Tencent Asset Management finalised a $200 million five-year loan facility through joint bookrunners DBS and Taipei Fubon Commercial Bank.

The facility is evenly split into a term loan and a revolver tranche, and both tranches are priced at 151bp over Libor.

Syndication saw Bank of Taiwan and RBS join in as mandated lead arrangers while Chang Hwa Commercial Bank came in as manager.

Proceeds are for general corporate purposes.

Hong Kong

AS Watson Asia Finance and AS Watson International Finance have inked a HK$15.2 billion-equivalent three-year term loan through mandated lead arrangers ANZ...

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