Agile goes clubbing to build HK$6bn loan

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By Rashmi Kumar
30 Apr 2014

China’s Agile Property Holdings is seeking a new loan of HK$6bn ($774m) with a three year tenor, and the firm has started talks with its relationship banks for the funds.

The borrower is arranging the financing itself and is offering lenders a margin of 420bp over Hibor, according to a banker eyeing the loan.

Agile will use the funds for general corporate purposes. It is likely to increase the final club amount depending on the commitments it receives, ...

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