PCCW draws $3bn as Hong Kong loans fly

The Hong Kong loan market’s revival gathered pace this week as another bumper deal for a local borrower closed heavily oversubscribed.

  • 29 Apr 2010

Telecom firm PCCW closed a HK$16bn ($2.1bn) facility, refinancing loans issued by subsidiary Hong Kong Telecommunications. It gathered HK$24bn ($3.1bn) of commitments from 20 banks for the self-arranged deal, but will not increase the deal. It is expected to sign early next week.

"It’s another sign of the resurgence ...

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