Amvig offers fixed rate for CNH in HK$1.6bn loan

Renminbi-box(230x150)
By Shruti Chaturvedi
19 Dec 2016

Hong Kong-listed cigarette package printer Amvig Holdings is in the market for a HK$1.6bn ($206m) equivalent dual currency loan to refinance debt. The company will pay banks a fixed rate of interest for the renminbi portion of the deal.

The ANZ-led facility has a three year tenor and is split into a HK$1.15bn equivalent term loan and a HK$450m revolver. Banks can commit in either Hong Kong dollars or offshore renminbi. They have to commit pro-rata, with the option to chip in with RMB for the term ...

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