K Wah shaves pricing on HK$2.5bn dual tranche

K Wah Financial Services has launched a HK$2.5bn ($322m) dual tranche loan into syndication, managing to price it more than 50bp lower than its deal from September 2012.

  • By Rashmi Kumar
  • 26 Jul 2013
The new transaction, which opened to the market on July 19, is split into two equal portions of three and five year. The three year tranche has a margin of 125bp over Hibor, while the five year portion is priced at 175bp over Hibor, according to a banker ...

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