Clarence T'Ao is not finding August very quiet. The regional head of loan syndications for BNP Paribas has four signings in the next week - for Citic Pacific, Henderson Land and Kerry Holdings.
The first pen he will lift, however, is for Mandarin Oriental's first foray into the public loan market that most people can remember. The luxury hotel group has taken advantage of excellent borrowing conditions to refinance some privately negotiated bilateral loans and is thought to have significantly improved its pricing.
Not only that, but the Jardine-controlled group has also increased its average tenor from three years to six years.
The deal is split into two tranches - a five year...
