More for Amoy

Popular syndicated deal for Amoy Treasury sees Amoy Properties and subsidiaries with HK$2000 million more than originally planned.

Elaine Leong

April 06, 2001

An overwhelming response to Amoy Treasury Limited's syndicated loan deal completed last week has increased the five-year revolving credit facility from the original HK$3 billion ($384.7 million) to HK$5 billion. Finally completed and signed on 4 April, a further nine banks, including Bank of China, Hong Kong branch, which contributed HK$300 million, joined the 13 original arrangers on the deal.

The facility closed at 50bp over Hibor with a maturity of five years. The deal was guaranteed by Amoy Properties Limited, which will be using the facility to refinance debt and for the general working capital of Amoy Properties Limited and its subsidiaries.

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