Syndication is launched

PUBLISHED : Tuesday, 19 July, 1994, 12:00am
UPDATED : Tuesday, 19 July, 1994, 12:00am

SYNDICATION of a four-year $1 billion loan was launched yesterday for Hang Lung Treasury, arranged by Barclays Bank, Societe Generale Asia and Westdeutsche Landesbank Girozentrale.


Interest margin was 82.5 basis points over Hong Kong Inter-bank Offered Rate. The loan was guaranteed by Hang Lung Development.


 

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