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.

  • 15 Sep 2009

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 ...

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