Tight pricing no problem as HACTL signs HK$800m loan

30 Sep 2009

Hong Kong Air Cargo Terminals (HACTL) signed a HK$800m loan on Monday that set a new pricing floor for Hong Kong borrowers, in a sign that falling margins are no deterrent to the region’s lending banks.

Four banks — ANZ, Bank of East Asia, Bank of Tokyo-Mitsubishi UFJ and OCBC —joined coordinator HSBC as lenders.

The blue-chip company is paying about 100bp over Hibor for the facility, below the 125bp all-in margin offered by local property developer Henderson Land on an HK$8bn syndicated loan ...

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