HKT seeks $2.5bn acquisition loan

Hong Kong Telecommunications is in the market for a loan of up to $2.5bn to fund its acquisition of CSL New World Mobility, and has signed up Standard Chartered to arrange the financing.

  • By Rashmi Kumar
  • 20 Dec 2013

The bank is the sole lead on the transaction, which has a tenor of 18 months, according to a banker.

Further details on syndication were not disclosed at this stage.

The telecom company announced on December 20 that it has entered into an agreement with CSLNW, ...

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