HKBN eyes HK$700m acquisition financing

By Shruti Chaturvedi
25 Feb 2016

Hong Kong Broadband Network is raising a HK$700m ($90m) loan to fund its acquisition of telecoms businesses Concord Ideas and Simple Click Investments.

JP Morgan, which led HKBN’s last syndicated loan, is underwriting the latest financing, the company said in a Hong Kong Stock Exchange announcement.

The margin is based on a leverage grid. If the leverage is 4.5 times or above, it is 255bp plus Hibor. It steps down by ...

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