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

Hong Kong fabric manufacturer Victory City became the latest mid-cap borrower to approach the syndicated loan market this week with an HK$800m facility that offers lenders a welcome premium over recent deals for Asian blue chip names.

  • 24 Sep 2009

China Merchants Bank, Citic Ka Wah Bank, HSBC and Wing Lung Bank will arrange the four year club loan, which pays a margin of around 180bp over Hibor.

One banker said that Bank of Tokyo-Mitsubishi UFJ, Hang Seng Bank, Mizuho, Sumitomo Mitsui Banking Corp and United Overseas Bank ...

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