Cosco (Hong Kong) taps $238 million loan facility

Pricing on the bullet deal is tighter than previous borrowings, with proceeds to part repay convertible bonds.

Prakash Chakravarti

September 27, 2002

Coordinating arrangers Industrial and Commercial Bank of China (Asia), Agricultural Bank of China, WestLB AG and China Everbright Bank launched a $238 million transferable loan certificates facility for Cosco (Hong Kong) Group into general syndication last week. Syndication is slated for close on October 22 with signing scheduled for mid-November.

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