Provident Square links loan pricing to occupancy rate

By Pan Yue
19 Jan 2021

Provident Square, a shopping mall in the North Point area in Hong Kong, is seeking a HK$1.4bn ($180m) loan for refinancing.

United Overseas Bank is the sole mandated lead arranger and bookrunner for the transaction, according to a banker who received the invitation letter.

The margin for the three year bullet loan is pegged to the occupancy rate of the shopping mall. The opening margin is set at 220bp ...

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