Sun Hung Kai HK$14bn allocations revealed with signing

Sun Hung Kai Properties signed its HK$14bn ($1.8bn) loan on January 17 with a group of 13 banks, and allocations have now been revealed. With only bank joining during general syndication with a HK$200m commitment, bankers are of the opinion that the borrower sought a general phase simply to trump the final loan size achieved by fellow real estate company Henderson Land Development.

  • By Rashmi Kumar
  • 17 Jan 2014

Hong Kong’s Sun Hung Kai first sent out a request for proposals for a HK$5bn loan, but raised that to HK$13.8bn after banks piled in at the top level.

Bank of China, Bank of Tokyo Mitsubishi-UFJ, HSBC, Mizuho Bank, Sumitomo Mitsui Banking Corp and United Overseas Bank ...

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