Fortune Oil seeks $400m for 2018 deal refi

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 ...Already a subscriber? Login