THE Miramar Group (Corporate Funding) Co, a wholly owned subsidiary of Miramar Hotel and Investment Co, has obtained an $800 million five-year unsecured medium-term loan facility for general corporate funding. The signing of the syndicated loan facility, which was arranged jointly by Wardley Capital and Sanwa International Finance, was carried out at the Convention Centre of Hotel Miramar in Kowloon yesterday. ''The purpose of this unsecured five-year term loan facility is for the general corporate funding requirements of Miramar Hotel and Investment Co and its subsidiaries,'' said a statement from the group. The facility, which is guaranteed by Miramar Hotel and Investment Co, is available for draw-down in the first 18 months. An interest rate of one per cent a year over the Hong Kong Interbank Offered Rate (HIBOR) will be charged on the facility and will be repayable by three equal annual instalments starting from the end of the third year. Hongkong and Shanghai Banking Corp and Sanwa Bank are the underwriters and lead managers. Daiwa Bank acted as co-lead manager with Fuji Bank, Societe Generale (Hong Kong branch) and the Toyo Trust and Banking Co (Hong Kong branch) participating as managers. The Miramar Group's principal business includes the ownership and management of its flagship hotel, Hotel Miramar, property development and investment such as Park Lane Square in Tsim Sha Tsui. The group, which is also involved in the management and operation of the Tsui Hang Village Restaurant chains and the Miramar Express travel agency, has also invested in projects in China, the United States and Canada.