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.
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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