Fortune builds: signs HK$4.567bn loan

Fortune Real Estate Investment Trust signed its HK$4.567bn ($589m) multi-tranche loan on October 7, but is still waiting for two more banks to join the transaction before funding the deal.

  • By Rashmi Kumar
  • 08 Oct 2013
DBS and Standard Chartered are the bookrunners and have fully underwritten the amount. Although signed, the loan is yet to be funded and will not be done so until the last two lenders come onboard, said a banker. He was unwilling to disclose how many lenders have joined ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 69,085.90 230 10.50%
2 JPMorgan 63,371.79 193 9.63%
3 Wells Fargo Securities 50,770.30 154 7.72%
4 Bank of America Merrill Lynch 50,413.91 166 7.66%
5 Credit Suisse 45,852.68 144 6.97%