Kingboard Said to Allocate HK$3 Billion Equivalent Loan
Kingboard Laminates Holdings Ltd. (1888)’s HK$3 billion equivalent ($387 million) loan has been allocated among 20 banks, according to a person familiar with the matter.
Citigroup Inc. committed $45.5 million, while HSBC Holdings Plc and Standard Chartered Plc pledged HK$355 million each, the person said today, asking not to be identified because the details are private.
Anna Cheung, investor relations manager at Kingboard Laminates in Hong Kong, declined to comment when contacted by e-mail.
China Construction Bank Corp. (939), Industrial and Commercial Bank of China, Mizuho Corporate Bank Ltd. and Nanyang Commercial Bank Ltd. committed HK$184 million each. Sumitomo Mitsui Banking Corp. committed HK$92 million and $11.8 million. Taifung Bank Ltd. and Taishin International Bank pledged HK$140 million each. Banca Monte dei Paschi di Siena SpA (BMPS), Bank of East Asia Ltd. (23), Wing Hang Bank Ltd. and Yuanta Financial Holding Co. are lending HK$85 million each, the person said.
Bank of Taiwan committed HK$64 million and $2.7 million. Mega International Commercial Bank Co. and Taiwan Cooperative Bank both pledged HK$42 million and $5.5 million each. Bank Sinopac committed HK$63 million, Hua Nan Commercial Bank Ltd. took $5.4 million and Shanghai Commercial and Savings Bank Ltd. committed $4.5 million, the person said.
To contact the reporter on this story: Wendy Mock in Hong Kong at firstname.lastname@example.org