Man Wah and Water Affairs woo banks for new loans

hong kong central px230
By Pan Yue
08 Nov 2018

Hong Kong-listed Man Wah Holdings and China Water Affairs Group are seeking offshore loans of $100m and $200m respectively.

Furniture manufacturer and retailer Man Wah has launched its debut $100m loan into general syndication.

Hang Seng Bank is the sole mandated lead arranger and bookrunner, according to sources.

The deal is priced at a margin of 188bp over dollar Libor. It has a tenor of three years ...

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