Power Assets seals HK$37bn loan

Power Assets Holdings signed its jumbo HK$37bn ($4.7bn) three year loan on Friday, January 10, as part of its fundraising to finance the spin off IPO of Hong Kong Electric Investments, which is now underway.

  • By Rashmi Kumar
  • 13 Jan 2014

The loan was taken out by two different entities: HK$28.3bn by Hong Kong Electric Company (HEC) and HK$8.7bn by Hong Kong Electric Investments Limited (HKEIL), according to a banker on the deal.

Each portion was in turn split into Hong Kong dollar and US dollar tranches, with ...

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