Victory knitting for HK$1bn loan
Knitted fabric manufacturer Victory City International has launched a HK$1bn ($129m) loan into senior syndication, with favourable market conditions allowing the company to pay almost 50bp lower than the last time it tapped lenders.
China Citic Bank International, Hang Seng Bank, HSBC and United Overseas Bank are the bookrunners and mandated lead arrangers, according to a banker who has received the invitation.
HSBC is the co-ordinator, while the other three MLABs are understood to be in the last leg of processing their
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