Greentown cuts price on $630m refi

China Property (resized 230)
By Pan Yue
07 May 2018

Property firm Greentown China Holdings has returned to the offshore debt market for a $630m term loan to refinance a similar deal sealed in 2016.

The new three year facility, launched into general syndication last week, pays a margin of 256.5bp over dollar Libor. This is 56.1bp lower than the 313bp margin it paid for a three year $720m borrowing signed in 2016.

HSBC is the sole mandated lead arranger and bookrunner of ...

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