Kerry Properties launches HK$6bn refi

Hong Kong’s Kerry Properties has launched a self-arranged HK$6bn ($774m) refinancing, offering a similar price to a loan from its holding company in July – and suggesting that pricing for Hong Kong property companies has levelled after tightening dramatically in the first half of the year.

  • 22 Nov 2010

Kerry Properties has invited banks to participate in the five year loan at two levels, offering 95bp all-in for commitments of HK$750m or more and 93.5bp to banks pledging between HK$500m and HK$749m.

Bankers were quick to compare those levels with pricing on a deal from Kerry Holdings ...

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European CLO

IssuerArrangerSize ($M)
Oaktree Capital ManagementCiti448.20
SankatyBarclays457.97
GSO Capital PartnersBAML449.87

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Feb 2016
1 JPMorgan 2,062.30 7 11.10%
2 Wells Fargo Securities 2,016.65 9 10.85%
3 Credit Suisse 1,325.40 4 7.13%
4 Rabobank 983.12 1 5.29%
5 Deutsche Bank 975.59 5 5.25%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 Feb 2016
1 Rabobank 983.12 1 17.21%
1 JPMorgan 983.12 1 17.21%
3 HSBC 614.94 2 10.77%
4 Bank of America Merrill Lynch 479.64 2 8.40%
5 Barclays 338.58 1 5.93%