HANG Lung Treasury has increased its $1.2 billion syndication by 133 per cent after lenders flocked to it, arranger Societe Generale Asia says.

SocGen said the deal, originally pitched at $1.2 billion, was lifted to $2.5 billion and then to $2.8 billion to accommodate lenders.

Some 20 bankers joined the syndication, the arranger said. The loan is guaranteed by Hang Lung Development.