Chase Manhattan Bank has been appointed one of two lead arrangers in respect of a HK$3.3 billion $423 million non-recourse loan for Hong Kong International Theme Parks HKITP, which is building a Disney theme park at Penny's Bay on Lantau Island. The facility will comprise a HK$2.3 billion 15-year loan and a HK$1 billion revolving credit facility, say market sources. HSBC is rumoured to be the second lead arranger involved in the deal.
HKITP is a joint-venture between the Hong Kong government and Walt Disney Co, which have respective stakes of 57% and 43%. The estimated cost of contructing the theme park is HK$14.1 billion, of...
