Vietnam’s Kumho Asiana Plaza launches $125m three year loan into general

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By Shruti Chaturvedi
06 Nov 2014

Kumho Asiana Plaza Saigon has launched a $125m loan into general syndication with two mandated lead arrangers and bookrunners. The fundraising is offering plenty of security to lenders as it comes backed by two guarantors and a security against the rental proceeds of the commercial complex.

The $125m three year amortising loan offers banks a margin of 290bp over Libor. It is split into two tranches — a $78.6m tranche for debt repayment and a $46.4m tranche for project investment.

Standard Chartered, the initial MLAB, was joined by CTBC Bank as an MLAB during ...

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