Borrowers eye HKD loans as Libor-Hibor gap jumps wider

The widening gap between Libor and Hibor, which reached the highest level in 10 years on Wednesday, is pushing Hong Kong and Chinese borrowers to the Hong Kong dollar-denominated loans market. But while the possibilities for opportunistic deals are plenty, bankers warn the window won’t be open for too long. Pan Yue reports.

  • By Pan Yue
  • 22 Mar 2018
The difference between three month US dollar Libor — the benchmark rate for short-term financing in the currency — and its equivalent in Hong Kong dollars stood at a whopping 117bp on Wednesday, when Libor hit a new high for a decade of 227bp. The US dollar benchmark rate ...

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Rank Arranger Share % by Volume
1 China Merchants Securities Co 14.44
2 Industrial and Commercial Bank of China (ICBC) 11.65
3 Bank of China (BOC) 10.33
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5 Agricultural Bank of China (ABC) 7.17

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1 Goldman Sachs 17,789.40 87 7.59%
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1 HSBC 26,708.75 232 7.83%
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5 Goldman Sachs 13,938.23 69 4.09%

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