irasia.com


Hutchison Whampoa Limited

Michelle Lu, General Manager
Group Corporate Affairs, Hutchison Port Holdings
(852) 2619 7557     Fax: (852) 2612 0083
E-mail: gca@hph.com.hk
23 May 2000

Hongkong International Terminals
HK$5 billion term loan facility

[Hong Kong - 23 May, 2000] HSBC Investment Bank Asia Limited and Citicorp International Limited jointly announce the signing of a HK$5,000,000,000 Term Loan Facility for Hongkong International Terminals Limited (HIT) in Hong Kong today. The fully-underwritten Facility has a 5-Year tenor, which was arranged jointly by HSBC Investment Bank Asia Limited and Citicorp International Limited.

HIT is the largest container port operator in Hong Kong. The company operates 10 berths and accounts for over 50% of the container throughput handled at Kwai Chung container port in 1999. HIT is a member of the Hutchison Port Holdings Group, the port and related services division of Hutchison Whampoa Limited.

The issue attracted strong responses from sub-underwriters, which led to 1.68 times oversubscription to the Facility, with 17 participating banks joining including the Co-ordinating Arrangers. Despite the overwhelming success during the underwriting phase, HIT has decided not to increase the size of the Facility, as the financing amount is sufficient for its funding requirements.

The Co-ordinating Arrangers and Sub-underwriters are as follows:

Co-ordinating Arrangers
HSBC Investment Bank Asia Limited
Citicorp International Limited

Lead Arrangers & Lead Managers
The Hongkong and Shanghai Banking Corporation Limited
Citibank, N.A., Hong Kong Branch
Bank of China, Hong Kong Branch
Bank Brussels Lambert S.A., Hong Kong Branch
The Bank of East Asia, Limited
China Construction Bank, Hong Kong Branch
CIBC World Markets
Commerz (East Asia) Limited
The Fuji Bank, Limited
The Industrial and Commercial Bank of China, Hong Kong Branch
Sanwa International Finance Limited
Standard Chartered Bank
United Overseas Bank Limited

Arrangers & Co-Lead Managers
The Bank of Tokyo-Mitsubishi, Ltd
Oversea-Chinese Banking Corporation Limited
Rabobank Hong Kong Branch
The Sumitomo Bank, Limited

Notes to Editor

As the largest container terminal operator in Hong Kong, HIT accounts for over 50 per cent of the throughput at the Kwai Chung Container Port. The Company has consistently won industry awards for its efficiency and high service standards. HIT is a subsidiary of Hutchison Port Holdings (HPH), a global independent port operator and developer. HPH Group handled over 17.9 million TEUs (Twenty Foot Equivalent units) in 1999.

- Ends -

For more information, please contact Michelle Lu of Hutchison Port Holdings at (852) 2619-7557, Paul Tay of HSBC Investment Bank Asia Ltd at (852) 2841-8434 or Clarence T'ao of Citicorp International Limited at (852) 2868-6618.


Source: Hutchison Whampoa Limited
  • Press Releases
  • Company's Index
  • irasia.com

  • © Copyright 1996-2024 irasia.com Ltd. All rights reserved.
    DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website.
    TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited.
    TERMS OF USE: Please read the Terms of Use governing the use of our website.