Shenzhen Investments mandates six banks for $150 million loan

General syndication for the five-year loan was launched yesterday.

Hong Kong mainboard-listed Shenzhen Investment Ltd has mandated six banks for a $150 million loan. The mandated coordinating arrangers are HSBC, DBS Bank, Commerzbank, ICBC, Bank of Communications and Hang Seng Bank. The book-runners for the deal are HSBC, DBS Bank and Commerzbank. Bank of Communications is the publicity agent, ICBC is the signing agent and Hang Seng will handle the documentation.

General syndication for the five-year loan was launched yesterday. The deal pays a margin of 85bp over Libor. The average life of the loan is four years. Being a dual-currency loan the borrower has the flexibility to draw on the facility in US dollars or Hong Kong dollars. On the...

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