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

24 Sep 2009

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.

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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