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Yanlord HK: Signed A US$1.1 Billion Syndicated Loan Facility.

11 Aug 2020 17:47

Yanlord HK signed a US$1.1 billion syndicated loan facility comprising a US$805 million equivalent dual-tranche term loan facility and a US$295 million equivalent dual-tranche revolving credit facility. 3.5-year at 335 basis points margin on HIBOR or LIBOR. A syndicate of 24 leading local and international banks and financial institutions across Asia participated in this deal, in which CMB Wing Lung Bank Limited, DBS Bank Ltd., Hang Seng Bank Limited, Shanghai Pudong Development Bank Co., Ltd, Standard Chartered Bank (Hong Kong) Limited and The Hongkong and Shanghai Banking Corporation Limited acted as the mandated lead arrangers and bookrunners for this syndicated loan facility, reflecting continued confidence and support of the Group from the financial sector. This syndicated loan facility, available in United States Dollars and Hong Kong Dollars, is granted for the general corporate purposes of the Group, including but not limited to refinancing the Group's existing indebtedness...

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Source: ShareInvestor Express