Hong Kong lending: a new balance

25 Apr 2011

Hong Kong loan margins are starting to move up as banks finally push back against an aggressive and demanding issuer base. It is about time.

Hong Kong borrowers pushed down prices heavily last year, the starkest example being a HK$3.8bn five year loan for Towngas in February, paying just 49bp over Hibor. But while that set the benchmark for aggressive pricing in the special administrative region, bankers were happy to swallow it.

They ...

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