Prime Credit to add to syndicated loan after good response

16 Jul 2009

Prime Credit, the consumer finance company owned by Standard Chartered, is likely to increase its self-arranged two year loan to HK$1bn, becoming the latest Hong Kong borrower to attract an enthusiastic response in syndication.

The borrower was originally looking for a HK$500m to HK$800m loan but is expected to increase the bullet facility to HK$1bn after receiving a good response in the market.

Around 10 banks will sign the deal at the end of this month, said one loans banker close to ...

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