Onfem taps market for HK$3.5bn

Bank of China is coordinating a HK$3.5bn ($451m) five year loan for Onfem Finance, and has invited banks to form arranger groups at the top level. The borrower appears to be taking advantage of Asia’s flush liquidity with the new financing, having signed a similar-size loan only last month.

  • By Rashmi Kumar
  • 23 Aug 2013

The new borrowing is now in senior syndication, with two ticket levels available. Mandated lead arrangers and bookrunners can join with commitments of HK$500m or more, and will net an all-in of 306bp, according to a banker close to the deal.

MLAs pledging HK$300m or more will ...

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