Swire Pacific has become the latest Hong Kong blue chip to look for funds, launching a HK$2 billion $256 million five year revolver late last night. Mandated arrangers HSBC and Standard Chartered fully underwrote the deal.
Banks have been invited to join at a margin of 32bp over Hibor and on one of three fee levels. Co-ordinating arrangers pledging HK$200 million $25.6 million or more gain 37.5bp, lenders contributing HK$100 million $12.8 million to HK$190 million $24.4 million earn 32.5bp and the title of arranger while co-arrangers receive 27.5bp for HK$50 million $6.4 million to HK$90 million $11.5 million tickets.
Once again bankers have commented...
