Real Estate sector leads the Hong Kong syndicated loan market
Time On Investment has signed a $150 million term loan through sole bookrunner and mandated lead arranger DBS. Syndication saw Mega International Commercial Bank join as mandated lead arranger. Bank SinoPac, Bank of Taiwan, Far Eastern International Bank, Taipei Fubon Commercial Bank and Taishin International Bank came in as arrangers. Proceeds are to refinance a $150m existing facility and for working capital purposes.
Real Estate sector leads the Hong Kong syndicated loan market with $18.3 billion in 2015 YTD, accounting for 40% of Hong Kong’s total loan volume.
Real Estate is...