Hong Kong dollar

The sub-underwriting phase of a HK$28bn ($3.6bn) financing to support the take private of Hong Kong-listed footwear company Belle International Holdings has wrapped up, with nine lenders joining original mandated lead arranger and bookrunner (MLAB) Bank of America Merrill Lynch (BAML).

Chinese real estate developer Times Property has hit the loan syndications market for a dual currency financing, about two months after issuing an offshore bond.

Transport and tourism services provider Zhuhai Holdings Investment has returned to the syndicated loan market after two years for a HK$1.5bn ($192m) borrowing.

Chinese firm Essence International Financial Holdings has approached lenders for a HK$1bn ($128m) borrowing.

Chinese real estate developer Agile Group has sealed a HK$624m ($80m) financing with one bank.

A HK$28bn ($3.6bn) financing to support the take private of Hong Kong-listed footwear company Belle International Holdings is open for participation at the sub-underwriter level.

Syndication of a HK$7.991bn ($1.027bn) loan for a subsidiary of Hong Kong conglomerate Goldin Financial Holdings is set to wrap up soon, with the money to be used to develop a residential complex in the city’s Kowloon area.

Emperor International Holdings, Xinjiang Guanghui Industry Investment (Group) Co and Zhuhai Huafa Group Co sealed new dollar deals on Thursday, going into their respective transactions with books fully covered.

Huarong Investment Stock Corp is in the market for a HK$3bn ($386m) dual currency syndicated term loan with Credit Suisse at the helm.

Hong Kong-listed Fortune Real Estate Investment Trust has tied up a HK$1.2bn ($154m) syndicated loan arranged by Sumitomo Mitsui Banking Corp.

China Development Bank became the latest name to take advantage of a liquidity-abundant market, snapping up $3bn-equivalent from three floating rate tranches in two currencies — in one of the largest FRN trades out of Asia.

China Development Bank Corp is making a swift return to the debt market with a floating rate transaction split between three and five year dollar portions and a 2020 tranche denominated in Hong Kong dollars.