Lenders feel the squeeze as CLP sounds out refi

CLP Holdings, the Hong Kong electricity company, is aiming for what one banker called "eye-watering" pricing on a HK$6bn ($773m) five year loan, in a further sign that Asian borrowers are squeezing margins as confidence returns to the loan market.

  • 04 Mar 2010
CLP began sounding out banks this week over a deal it will use for refinancing purposes. Although no term sheet has been released, CLP is mooting all-in pricing of around 70bp for the five year loan, said bankers close to the borrower."It’s pretty remarkable," said a loans banker ...

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