IFR Asia – November 25, 2017

32 International Financing Review Asia November 25 2017

decreased from an initial target of HK$2bn.

China Citic Bank International was the

coordinator on the facility.

The Hong Kong-listed brokerage’s loan

offered a top-level all-in pricing of 255bp,

based on an interest margin of 220bp over

Hibor.

China Citic took HK$400m of the

facility, while Cathay United Bank Hong

Kong branch took HK$300m. Bank Sinopac

Hong Kong branch and CTBC Bank joined

with HK$200m apiece.

Separately, HIFH signed a 364-day

facility last month at a reduced size

of HK$2.72bn-equivalent. Far Eastern

International Bank and KGI Bank were the

MLABs on the two-piece borrowing, which

comprises a HK$1.36bn term loan tranche

A and a HK$1.36bn revolving credit

tranche B, which can be drawn in either

Hong Kong or US dollars.

The facility offered a top-level all-in

pricing of 235bp, based on a margin of

215bp over Hibor or Libor.

Both loans carry letters of comfort from

China Huarong Asset Management Corp,

the borrowers’ onshore parent.

EQUITY CAPITAL MARKETS

› ICLICK NAMES NEW BANKS FOR IPO

Advertising technology company ICLICK

INTERACTIVE ASIA GROUP has hired Network 1

Financial Securities and Shenwan Hongyuan

Securities as new arrangers for its

US$100m Nasdaq IPO, according to a

filing.

The Hong Kong-based company, which

offers data-driven, tailored marketing

services in China, had named Credit

Suisse and Nomura as leads on a filing last

month.

The latest filing makes no mention of

these two banks.

Founded in 2009, iClick saw net revenue

for the first half of 2017 grow 23% year on

year to US$55.7m.

It posted a net loss of US$22.4m for the

half, wider than US$6.6m a year earlier.

Shenzhen-listed BlueFocus

Communication owns a 13.5% stake in the

company.

are your colleagues as

well-informed as you?

COMPANY- OR DEPARTMENT-WIDE

SUBSCRIPTIONS TO IFR Asia

As a subscriber to IFR Asia, you will already be aware of its standing as

the world’s leading source of Asian capital markets coverage. But are your

colleagues?

If there are other people in your team, department or company who, you think,

would benefit from the authoritative and independent content that IFR Asia

offers, you should know that considerable discounts are available to companies

with multiple subscriptions.

To discuss your requirements, please contact your local IFR representative:

Asia-Pacific and Japan: +852 291 26606, [email protected]

EMEA: +44 (0)20 7542 45 69, [email protected]

Americas: +1 (646) 223 5543, [email protected]

1019_06 Country01.indd 32 24/11/2017 21:56:02