Fortune Oil seeks $400m for 2018 deal refi

Oil gas fossil fuel hydrocarbon refining 28Aug20 from Adobe 575x375
By Pan Yue
11 Jan 2021

Hong Kong-based energy firm Fortune Oil has returned to the loan market. It is seeking $400m-equivalent to refinance an old borrowing sealed in 2018.

China Citic Bank International and UBS are the two mandated lead arrangers and bookrunners for the facility, according to a banker close to the situation.

The loan has a tenor of three years. The margin has been set at 200bp over Libor or Hibor, depending on the currencies that ...

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