Loan Week, September 27-October 3

A roundup of the latest syndicated loan market news.

China

Soho China has secured a $964 million-equivalent four-year term loan through bookrunners and mandated lead arrangers Bank of Communications, DBS, Hang Seng Bank, HSBC, Standard Chartered and Wing Lung Bank.

The debt package comprises a $415 million tranche priced at 320bp over Libor and a HK$4.3 billion portion priced at 320bp over Hibor.

Syndication saw China Citic Bank Corp join as mandated lead arranger while Tai Fung Bank came in as lead arranger. Bank of East Asia, Barclays, Deutsche Bank and Wing Hang Bank concluded the syndicate as arrangers.

Proceeds are to refinance existing indebtedness.

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