PrimeCredit self-arranging up to HK$1.5bn club

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By Shruti Chaturvedi
12 Oct 2016

A number of banks are processing approvals for a club loan being arranged by Hong Kong-based personal loan provider PrimeCredit.

The firm first approached banks directly for a HK$1bn ($128.9m) facility sometime in mid-September, said a banker close to the matter. The fundraising is split 30:70 between a revolver and a term loan, he said.

The loan matures in 30 months, with the revolver having a bullet repayment ...

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