Pride Pacific and Beijing Jing Wei House Land Estate Development have secured a $387 million- equivalent three-year financing on a club basis through mandated lead arrangers Bank of East Asia, Bank of Tokyo-Mitsubishi UFJ, DBS, ICBC, Standard Chartered and Wing Lung Bank.
The facility is split into a HK$1.5 billion term loan, a HK$1.5 billion revolver and a Rmb100 million term loan.
Final allocations saw DBS contribute HK$800 million while Standard Chartered provided HK$700 million. Bank of East Asia lent HK$500 million while Wing Lung Bank pledged HK$400 million. Bank of Tokyo-Mitsubishi...