Hutchison Global Crossing looking at terms

Banks are starting to structure a debut syndicated loan for Hutchison Global Crossing.

Nick Lord

October 26, 2000

Bankers are starting to negotiate the term sheet for a HK$5 billion ($641 million) loan for Hutchison Global Crossing (HGC). Market sources confirm that three banks - Citibank, SG and Commerzbank - have an unofficial mandate for the company's first Hong Kong dollar deal. The term sheet is being finalized prior to a mid-November launch.

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