More for Amoy

Popular syndicated deal for Amoy Treasury sees Amoy Properties and subsidiaries with HK$2000 million more than originally planned.
An overwhelming response to Amoy Treasury Limited's syndicated loan deal completed last week has increased the five-year revolving credit facility from the original HK$3 billion $384.7 million to HK$5 billion. Finally completed and signed on 4 April, a further nine banks, including Bank of China, Hong Kong branch, which contributed HK$300 million, joined the 13 original arrangers on the deal.

The facility closed at 50bp over Hibor with a maturity of five years. The deal was guaranteed by Amoy Properties Limited, which will be using the facility to refinance debt and for the general working capital of Amoy Properties Limited and its subsidiaries.

According to officials, the response to the...

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222