Xinyu Hengdeli launches rare loan for Hong Kong mid-cap
Xinyu Hingdeli Holdings, China’s largest luxury goods retailer, launched a HK$500m three year loan last week in a deal that will be closely watched as a sign of growing demand for mid-cap credits.
The loan for the Hong Kong-listed watch retailer pays a margin of 215bp over Hibor. Banks have been invited to take a HK$80m or above ticket for 70bp or lead managers can lend HK$50m to HK$79m for 50bp.
Hong Kong and Chinese mid-cap borrowers will be keeping a
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.