dcsimg
Securitization - CLO/CDO

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 ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please call Mark Goodes on +44 (0)20 7779 8605 or email mark.goodes@globalcapital.com to discuss your requirements.

CLO

IssuerArrangerSize ($M)
Brigade Capital Management, Battalion CLO VICiti461.10
Black Diamond Capital Management LLC, Black Diamnond 2014-1JPMorgan411.75
JMP Credit Advisors, JMP Credit Advisors CLO IIIBNP Paribas370.50

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Sep 2014
1 JPMorgan 46,969.96 111 10.36%
2 Citi 44,261.40 109 9.76%
3 Barclays 39,906.85 103 8.80%
4 Bank of America Merrill Lynch 39,407.31 111 8.69%
5 Credit Suisse 37,277.37 94 8.22%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 JPMorgan 4,333.47 12 0.00%
2 Deutsche Bank 3,746.40 11 0.00%
3 Bank of America Merrill Lynch 3,307.26 8 0.00%
4 RBS 2,666.67 6 0.00%
5 Barclays 2,655.81 8 0.00%