| For immediate release | 28th August, 2001 |
Swire Pacific Limited is pleased to announce the successful conclusion of a HKD5,000 million revolving credit / term loan facility (the "Facility") for Swire Finance Limited, a wholly owned subsidiary of Swire Pacific Limited. The Facility is jointly arranged by BOCI Capital Limited, The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank (the "Coordinating Arrangers"). Due to strong response from the banking community, the facility was over subscribed and there will be no general syndication.
The Facility is fully guaranteed by Swire Pacific Limited and will be available for drawdown on a revolving basis until thirty six months after the date of the Facility Agreement, which will then be converted into a term loan facility. The proceeds of the Facility will be used for general corporate funding requirements of the Swire Pacific group.
The composition of the bank syndicate for the Facility is as follows:
Final Allocated Underwriting
Commitment & Final Allocated
Institution Participating Amount
----------- ----------------------------
Senior Lead Managers
--------------------
Bank of China, Hong Kong Branch HK$600,000,000
The Hongkong and Shanghai
Banking Corporation Limited HK$600,000,000
Standard Chartered Bank HK$600,000,000
Arrangers & Lead Managers
-------------------------
The Bank of Tokyo-Mitsubishi, Ltd. HK$400,000,000
Commerz (East Asia) Limited HK$400,000,000
Hang Seng Bank Limited HK$400,000,000
Industrial and Commercial
Bank of China (Asia) Limited HK$400,000,000
Mizuho Financial Group (DKB , IBJ) HK$400,000,000
Sumitomo Mitsui Banking Corporation HK$400,000,000
UFJ Group (Sanwa Bank / Tokai Bank) HK$400,000,000
WestLB HK$400,000,000
----------------
Total HK$5,000,000,000
----------------
| © Copyright 1996-2025 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. |