Shenzhen Sunway jumps on Hibor fall for debut borrowing

By John Loh
09 Mar 2018

Shenzhen Sunway Communications has made a quick switch to Hong Kong dollars for its debut in the offshore loans market to take advantage of recent Hibor weakness.

The firm opened an up to $250m borrowing into general syndication in January, but it now aims to raise the equivalent amount in Hong Kong dollars instead, according to a source close to the deal.

The decision was driven by the decline in borrowing costs linked to Hibor, ...

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