 |
9
January 2001
|
| BOCI Capital Limited, China
Construction Bank, Hong Kong Branch, CIBC World Market, The
Industrial and Commercial Bank of China, Hong Kong Branch and
The Industrial Bank of Japan, Limited (Mizuho Financial Group)
(the "Co-ordinating Arrangers") are pleased to advise that they
have successfully closed the syndication of the HK$3,800 million
5-year Revolving and Term Loan Facility (the "Facility") for
Cheung Kong Finance Company Limited. The Facility is supported
by a guarantee from its parent company Cheung Kong (Holdings)
Limited. CEF (Capital Markets) Limited will act as the Facility
Agent. |
|
| The general syndication was
closed on 27th December, 2000 and was well-received by the market.
The syndicate is well-mixed with major international banks as
well as local banks. The bank group is as follows: |
|
Arrangers
Bank of China, Hong Kong Branch
China Construction Bank, Hong Kong Branch
The Industrial and Commercial Bank of China, Hong Kong Branch
The Industrial Bank of Japan, Limited (Mizuho Financial Group)
CIBC World Markets
The Tokai Bank, Limited, Hong Kong Branch
Bayerische Hypo-und Vereinsbank AG, Hong Kong Branch
BNP Paribas, Hong Kong Branch |
|
Co-Arranger
The Dai-Ichi Kangyo Bank, Limited, Hong Kong Branch |
|
Managers
The Bank of East Asia Limited
Hua Chiao Commercial Bank Ltd.
Kincheng Banking Corporation, Hong Kong Branch
Sin Hua Bank Limited, Hong Kong Branch
The Yien Yieh Commercial Bank Ltd., Hong Kong Branch |
|
| The Facility is a five-year
revolving and term loan with a lump sum repayment due on the
final maturity. The Facility carries an interest margin of 0.41%
p.a. above the relevant HIBOR interest period. |
|
| Mr. Edmond Ip, Executive
Director of Cheung Kong (Holdings) Limited, toasting with Mr.
M. A. Or, Deputy General Manager of Bank of China, Hong Kong
Branch (picture left), and (right) Mr. Mao Yu-min, General Manager
of China Construction Bank, Hong Kong Branch at the signing
ceremony. |
|
- End -
|
