facility

Proceeds from the facility will be utilized for working capital and part refinancing of an existing facility.

The pricing for the current transaction is close to Citic PacificÆs HK$3.8 billion loan of May 2001.

CNPC (HK) is preparing to tap a dual-tranche facility to raise $100 million that will be utilised for capital expenditure.

Indian importers of US capital goods are to benefit from an agreement between the Industrial Development Bank of India and the Export-Import Bank of the United States.

Asia Satellite Telecommunications has secured a $250 million loan facility from 19 banks to finance two new satellite projects.

SMEloan gets HK$600 million credit facility from Standard Chartered Bank.

Hongkong and Shanghai Hotels has recently ssecured a 5-year syndicated loan in excess of HK$2.0 billion. The facility will be used to repay HK$1.32 billion of convertible bonds maturing in January.