Hongkong LandÆs HK$7 billion seven year facility is set to complete syndication this week via mandated arrangers Bank of China, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Calyon, DBS Bank, HSBC, Industrial Commercial Bank of China, Mizuho Corporate Bank, Rabobank Nederland, Royal Bank of Scotland, Standard Chartered Bank and Sumitomo Mitsui Banking Corp.
The loan offers a spread of 29bp over Hibor, with two levels of participation. Commitments of HK$150 million or more pay an upfront fee of 35bp over Hibor to arrangers, with an all-in of 34bp, while holds of HK$75 million to HK$145 million garner 24.5bp to senior managers. Signing will be held on June...
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