Citic Pacific finds big response to HK$ loan

14 Jun 2012

Hong Kong conglomerate Citic Pacific has closed a HK$7.1bn ($915.2m) loan, after getting commitments from six banks in general syndication. It was the biggest loan the company has signed in six years.

The company launched the deal into general syndication in the middle of May, after 12 banks signed up as mandated lead arrangers.

The loan was already set to be worth HK$6bn when it first launched into general syndication, up from the HK$4bn the company originally targeted. But after ...

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