HutchTel rings in HK$5.2bn loan from Asian banks
Hutchison Telecommunications International has inked a self-arranged HK$5.2bn ($668m) loan with a club of five banks in a deal that proves Asia's best-known borrowers remain able to raise funding at attractive rates.
The 13.5 month facility was signed last Friday. DBS is taking a HK$2.4bn ticket; Calyon, HSBC and Standard Chartered are lending HK$750m each and Sumitomo Mitsui Banking Corp is pledging HK$550m.
This loan pays 141bp over Hibor and is split into a HK$4.5bn term loan and a HK$700m
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