Chow Tai Fook launches HK$5.8bn loan with seven levels
Hong Kong jewellery company Chow Tai Fook is taking a flexible approach to its loan market return during the Covid-19 pandemic, giving banks seven participation levels to choose from.
It is seeking up to HK$5.8bn ($748m).
Agricultural Bank of China is sole mandated lead arranger and bookrunner for the facility, said bankers.The deal has an initial size of HK$4.3bn, with a greenshoe option of HK$1.5bn. Lenders can choose to commit in either US or ...