Fortune builds up with HK$4.567bn deal

Fortune Real Estate Investment Trust has launched a HK$4.567bn ($589m) multi-tranche loan into syndication. It will use the proceeds to back its acquisition of the Kingswood Ginza Property in Hong Kong.

  • By Rashmi Kumar
  • 06 Sep 2013

The facility is split into three: a HK$1.0663bn five year tranche, priced at 148bp over Hibor, a HK$2.34bn 3.5 year portion, with a margin of 130bp over Hibor, and a 3.5 year unsecured tranche of HK$1.1607bn, which has a 170bp margin, according to bankers.

Bookrunners DBS and ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%