China Resources opens HK$3bn tap

Three banks have launched China Resources Land’s HK$3bn ($386m) loan into syndication, splitting it into a three year and five year portion.

  • By Rashmi Kumar
  • 24 Jun 2013
The tranches are divided equally: the three year has a 170bp over Hibor margin, and the five year chunk is priced at 190bp over Hibor, said a banker close to the deal. But the amount of the tranches can change later depending on how much demand is received. ...

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