Hang Seng Bank
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Three Hong Kong real estate investment trusts are tapping the loan market for funds, with DBS launching two new deals and Hang Seng Bank wrapping up a third transaction, bankers said.
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Prosperity Real Estate Investment Trust opened a HK$1.95bn ($251.51m) borrowing into general syndication on Tuesday to raise fresh funds for an acquisition in Hong Kong.
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China's Redco Properties Group has signed a $130m three year loan with a group of lenders, it said in a Hong Kong stock exchange filing.
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A subsidiary of Lee & Man Paper Manufacturing has signed loans worth HK$4bn ($515.6m) to refinance debt, including bilateral loans, and for general corporate funding.
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Home building materials maker China Lesso Group Holdings signed its syndicated loan at $600m, twice the launch size, on Thursday.
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Home building materials maker China Lesso Group Holdings will likely increase the size of its latest borrowing, thanks to a good response during general syndication.
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Home building materials maker China Lesso Group has approached the loan market for a $300m borrowing, some two years after sealing its debut syndicated facility.
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CP Pokphand, part of Thai firm Charoen Pokphand Group, has raised a $600m loan to repay outstanding debt.
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Truly International, the holding company of LCD panel maker Truly Group, has tied up a HK$4.5bn ($580m) four year financing with a group of nine banks.
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State Bank of India has allocated its latest $500m borrowing, finding demand from eight new lenders during syndication.
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Industrial and Commercial Bank of China has appointed Yi Huiman as its new chairman, replacing Jiang Jianqing who is retiring, having tendered his resignation on May 31.
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Hang Seng Bank has promoted from within to fill the position of head of structured finance, commercial real estate and corporate advisory, following Mimi Cheng’s recent departure.