Victory City adds to mid-cap market with HK$800m loan

22 Oct 2009

Hong Kong fabric manufacturer Victory City hit the market with an HK$800m ($103m) five year facility on Tuesday becoming the latest mid-cap borrower to approach the syndicated loan market.

Bank of Tokyo-Mitsubishi UFJ, Citic Ka Wah, Hang Seng, HSBC and Mizuho will arrange the four year loan, which pays a margin of around 180bp over Hibor.

China Merchants Bank and Wing Lung Bank were at one point close to arranging the loan but have since dropped out. ...

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